Infrastructure major Larsen & Toubro (L&T) has announced its decision to sell its stake in the Hyderabad Metro project, citing mounting financial losses. The company revealed that it has approached both the central and Telangana state governments , urging them to consider acquiring its shares.
According to L&T, revenue from the metro operations has significantly dropped compared to previous years, leading to a net loss of ₹626 crore. The company clarified that under these conditions, it would not be able to participate in any further expansion of the metro network.
Industry experts point out that changing travel habits, the rise of work-from-home culture, and reduced commuter footfall have been key factors behind the decline in metro ridership. L&T emphasized that despite efforts to stabilize operations, the financial strain has become unsustainable, prompting the decision to exit. The development raises questions about the metro’s future expansion plans.
