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Larsen & Toubro (L&T) has extended the expected completion timeline for the sale of its 100% stake in L&T Metro Rail

ICICIdirect Research 02 Jul 2026 DISCLAIMER

News: Larsen & Toubro (L&T) has extended the expected completion timeline for the sale of its 100% stake in L&T Metro Rail (Hyderabad) Limited (LTMRHL) to September 30, 2026, from the earlier timeline announced on April 29, 2026. The transaction involves the sale of LTMRHL to Hyderabad Metro Rail Limited (HMRL) for ₹1,461.47 crore, while all other terms of the agreement remain unchanged.

View: The extension is procedural in nature and does not alter the transaction economics. Upon completion, the divestment is expected to deconsolidate ~₹13,000 crore of project debt from L&T's balance sheet, improving capital efficiency and supporting the company's strategy of focusing on its core EPC and technology-led businesses.

Impact:Neutral

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