Invest Telangana CEO B. Ajith Reddy has taken charge as Additional Managing Director, Hyderabad Metro Rail Project on Wednesday. Mr. Reddy was Special Secretary to the CM till his transfer as Invest Telangana CEO.

Considering Mr Reddy’s past experience in the Central government, his tenure as the Chief Minister’s Secretary for MAUD department, the appointment comes at a crucial juncture for Hyderabad’s urban mobility landscape. Recently the State and Centre jointly appointed SBI Capital Markets (SBICAPS) to evaluate the takeover of Hyderabad Metro Phase-1 from L&T and structure the financing for Phase-2

Moreover, both Metro expansion and Invest Telangana are key priority projects for Chief Minister A. Revanth Reddy. It is learnt that the CM entrusted expediting both the initiatives in the second half of his five year term to Mr. Ajith Reddy. The two had previously worked together, while the CM represented Malkajgiri Lok Sabha constituency and Ajith Reddy served as CEO, Secunderabad Cantonment Board.