Hyderabad, April 25 -- In a major development, the Telangana government has transferred 100 per cent equity of Larsen and Toubro (L&T) to the Hyderabad Metro Rail Limited (HMRL), which has been acquired by the state government.

The HMRL will fully come under the state government and begin its operations in the new setup starting May 1, 2026.

As part of the merger process, the state government has appointed a new board of directors for HMRL, including Jayesh Ranjan, Vikas Raj, Sandeep Kumar Sultania, B Shivadhar Reddy, Ashok Reddy and Jitesh V Patil.

Sarfaraz Ahmed has been appointed as the Managing Director of HMRL, and Shivendra Pratap is the Joint Managing Director.

A committee has also been formed with Chief Secretary K Ramakrishna...