L&T signed agreement on April 29 to divest entire stake in L&T Metro Rail (Hyderabad) to Government of Telangana's HMRL.
Divestment represents value-driven monetization of mature infrastructure asset spanning 69 km across three corridors.
Transaction aligns with L&T's strategy to exit development projects and redeploy capital in core engineering businesses.
HMRL plans to expand metro network post-acquisition to strengthen asset in India's urban transit sector.