The government of Andhra Pradesh has awarded the Hyderabad Metro Rail (MRTS) project to Nava Bharat consortium.
The consortium comprising of Nava Bharat Ventures Ltd, Maytas Infrastructure Ltd, Italian-Thai development PLC and Infrastructure Leasing and Financial Services Ltd (IL&FS) will undertake the development of the project on design, build, finance, operate and transfer (DBFOT) basis.
The metro rail project comprises of three lines- Miyapurto L B Nagar (30 kilometres), Jubilee Bus Station to Falaknuma (15 km) and Nagole to Shilparamam (26 km).
Nava Bharat ventures Ltd is a Hyderabad based infrastructure company active in power generation, ferroy alloys and sugar products.