L&T shares surge as Telangana agrees to acquire Rail Phase I, paying ₹2,000 cr and assuming debt.

• State will pay ₹2,000 crore for L&T's equity, relieving the company of overhang and financial strain.
• Telangana also assumes ₹13,000 crore debt, cleaning L&T's balance sheet and improving investor sentiment overall.
• Analysts expect L&T stock rally continuation, as the loss‑making Metro project exits, boosting the profitability outlook significantly.