 In 2007, N.V.S Reddy was appointed Managing Director of Hyderabad Metro Rail Limited and the same year, Central Government approved financial assistance of 1639 crore under Viability Gap Funding (VGF) scheme.The option of underground metro system in Hyderabad was ruled out by L&T due to the presence of hard rocks, boulders and the topography of the soil in Hyderabad.On March 26, 2018, Telangana Govt announced that it would set up a SPV "Hyderabad Airport Metro Limited (HAML)", jointly promoted by HMRL and HMDA, to extend the Blue line from Raidurg to Rajiv Gandhi International Airport, Shamshabad under phase-II after the completion of Phase-I in 2019.