Blog Entry# 4761940
Posted: Oct 29 2020 (18:25)
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The Telangana government, however, has its own fiscal challenges due to the loss of tax revenue on account of Covid-19, a high debt burden and the recent floods that devastated capital city Hyderabad and its adjoining districts.
Larsen & Toubro (L&T), operator of the Hyderabad metro rail project, said it is in discussions with State Bank of India (SBI) and the Telangana government to make the project financially viable.
“There is huge finance involved; there are other aspects involved. We are in constant dialogue with the government of Telangana and (lead banker) SBI