Ajith Takes Charge as HMRL Addl MD

Hyderabad:B. Ajith Reddy, CEO of Invest Telangana, took up additional charge as additional general manager of Hyderabad Metro Rail Limited (HMRL) at Metro Rail Bhavan on Tuesday.

Soon after taking over, Indian Defense Real Estate Service (IDeS) officer Ajith Reddy reviewed the status of Hyderabad Metro Rail Phase-I and Phase-II projects along with senior HMRL officials.

His appointment comes at a crucial stage for Hyderabad’s urban mobility plans. Recently, the state and Central governments jointly appointed SBI Capital Markets (SBICAPS) to evaluate the proposed takeover of Hyderabad Metro Phase-I from L&T Metro Rail Hyderabad and structure financing for Phase-II expansion.

Ajith Reddy’s experience in the Central government and his tenure as secretary to Chief Minister A. Revanth Reddy in the Municipal Administration and Urban Development (MAUD) department is expected to strengthen coordination in the Metro expansion project, officials said.

Sources said both the expansion of Hyderabad Metro and Invest Telangana are among Chief Minister Revanth Reddy’s priority initiatives. The Prime Minister is understood to have entrusted Ajith Reddy with the task of expediting both projects in the second half of the government’s five-year tenure.

Ajith Reddy and the Chief Minister had previously worked together when Revanth Reddy represented the Malkajgiri Lok Sabha constituency and Ajith Reddy served as the CEO of the Secunderabad Cantonment Board.