Big Bytes

Telangana denies L&T pulling out of Hyderabad Metro project

The Telangana government has denied that infrastructure major Larsen & Toubro is pulling out of Hyderabad Metro rail project. Officials said the project is on track and that L&T has not threatened to pull out.
Amid reports that L&T Metro Rail (Hyderabad) Ltd (LTMRHL) wrote a letter to the government that it is incurring a daily loss of Rs 2 crore as the work has been stopped on two corridors, Hyderabad Metro Rail (HMR) managing director N V S Reddy Wednesday met Chief Minister K Chandrasekhar Rao and Chief Secretary Rajiv Sharma.
HMR is a Telangana government agency while LTMRHL is a concessionaire developing 72-km long elevated Metro project at a cost of Rs 14,132 crore. Reddy said the work on the project was continuing without any hurdle. He allayed apprehensions about the future of the project and said it would be completed according to the schedule.
He said the communication between L&T and the government was continuing on a regular basis and he was responding to all letters. Information Technology Minister K Tarakarama Rao said the chief minister would soon respond on the issue.
LTMRHL chief executive and managing director V Gadgil, in a reported letter to the chief secretary, sought clarity on the change of alignment proposed by the chief minister on two corridors. He said the work was stopped at two places for last several weeks and this was causing a loss of Rs 2 crore a day.
Wednesday, September 17, 2014 | News Source:

Leave a Reply

You may also like:


CREDAI Hyderabad checks into a new Office

The new office to have dedicated space to focus on Skill Development for members and their technical and marketing work force for enhancing efficiency & effectiveness. Hyderabad 28th May 2017 – CREDAI Hyderabad formally announced the launch of their New Office at Lumbini Mall, Road No 2, Banjara Hills . The new premises was inaugurated by Sri Etela […]

Read More

3 BHK Apartments in Velacherry, Perungudi, Chennai

Falling Waters, luxury apartments is the newest project in Perungudi, OMR. This project consists 2, 3 and 4BHK apartments ranging from 1434 sq.ft to 3365 sq.ft, giving a spacious home. The terrace gardens, auditorium, mini theatre, gymnasium and infinity swimming pool are the highlights of Fallling Waters. Phone: 81445 99599 / 95001 21234 Address: Falling […]

Read More

Gated Communities in Bangalore

Gated Community Development Gated Community Development is a relatively recent concept in real estate usage. Its name owe its origin to the integrated housing colonies which are surrounded by perimeter fencing and with watch and ward personnel manning the gates and regulating the entry and exit of outside visitors with no place for the visitors […]

Read More