Speaking after inaugurating certain works of Hyderabad Metro, he said the first trial run would be held in June 2014.
The project needs to be completed on time, or the government would have to pay a penalty of Rs 32 lakhs if it is delayed even by a day and the concessionaire would have to pay Rs 62 lakhs if the delay is on its part, he said.
Highlighting the slew of welfare measures being implemented by his government, Reddy said legal status is being accorded to the Scheduled Castes and Scheduled Tribes special component plan.
The government would not compromise on ensuring law and order in Hyderabad, he added.
Meanwhile, the absence of Union Minister S Jaipal Reddy from the programme triggered speculation that he was upset about not being invited in a proper manner. However, the Chief Minister told reporters later in the evening that he was not aware of the matter.