The objective is to reduce the Rs 18,000-crore debt on the books of these firms, said D K Sen, whole-time director and senior executive vice-president (development projects), L&T
Amidst reports that engineering major Larsen & Toubro (L&T) has sought more than two years for completion of the Hyderabad Metro project, industry sources said the delay has increased the cost of the project from over Rs 14,100 crore to an estimated Rs 18,800 crore.
With the first phase of Hyderabad Metro Rail ready for inauguration on November 28, construction major Larsen & Toubro on Saturday said that it is ready to pitch for the second phase proposed by the Telangana government.