Hyderabad, April 3 -- The Telangana government has extended the deadline for the takeover of Hyderabad Metro Rail from Larsen & Toubro from March 31 to April 30.

According to a Deccan Chronicle report on Friday, April 3, a source had informed that due to the financial commitments between the state government and L&T with regard to acquiring the company's debt of Rs 13,000 crore and equity of Rs 2,000 crore, the process has been extended to another month.

The report also cited official sources who informed that the state government has already secured approval from the Indian Railway Finance Corporation (IRFC) for a loan amounting to Rs 13,000 crore with low interest rates, out of which 75 per cent will be paid in Japanese Yen and the re...