L&T may exit Hyd metro as free bus rides hurt biz

The Telangana government's free bus ride scheme for women has led to a decrease in Hyderabad Metro's ridership, prompting L&T to contemplate exiting the project. L&T faces financial concerns as the metro project is now classified as a non-core asset. The metro must maintain a daily ridership of over 500,000 passengers and reduce its debt to ensure feasibility.