 It is being funded by a Public Private Partnership (PPP), with the state government holding a minority equity stake.A special purpose vehicle company, L&T Metro Rail Hyderabad Ltd (L&TMRHL) was established by the construction company L&T to develop Hyderabad metro rail project under Public Private Partnership (PPP) mode.A stretch from Miyapur to Nagole with 24 stations, was inaugurated on 28 November 2017 by Prime Minister Narendra Modi.