Lead Story
Indian Railway Finance Corporation Ltd. (IRFC), a Navratna Central Public Sector Enterprise under the Ministry of Railways, on Monday signed a Rs 13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) Limited (L&TMRHL) to refinance the debt obligations of the Hyderabad Metro Rail project, marking a landmark refinancing transaction in India’s urban transit sector.
The transaction reflects IRFC’s continued evolution into a diversified infrastructure financing institution while leveraging its core strength in long-term transportation finance, in alignment with the Government of India’s vision of Viksit Bharat. The loan agreement was signed in the presence of IRFC CMD & CEO Manoj Kumar Dubey, and Telangana Chief Secretary K. Ramakrishna Rao highlighting the strategic significance of the transaction for strengthening urban mobility infrastructure.
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