IRFC Signs Rs 13,527 Cr Refinancing Deal for Hyderabad Metro to Support Expansion and Cut Debt Costs
The 20-year loan will replace high-cost debt and give existing lenders an orderly exit, officials said.
- On Monday, the Telangana government secured ₹13,600 crore refinancing for Hyderabad Metro Rail Phase-I through Indian Railway Finance Corporation, with the agreement formally signed in New Delhi.
- After Telangana government acquired 100% stake in L&T Metro Rail Limited from Larsen & Toubro, the metro became fully government-owned as Hyderabad emerged as a major driver of India's economic growth.
- The ₹13,600 crore facility will refinance non-convertible debentures, commercial papers and working capital loans over 20 years through quarterly payments, replacing high-cost debt with lower-cost long-term financing.
- Strong credit enhancement measures including unconditional Telangana government payment guarantee and RBI-supported direct debit mandate back the transaction, providing existing lenders orderly exit while improving project financial health.
- Spanning 69.2 kilometers across 3 corridors and serving over five lakh passengers daily, the metro system reduces traffic congestion while supporting Chief Minister A. Revanth Reddy's vision for sustainable, people-friendly urban transportation.
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Big push for Hyderabad Metro! IRFC signs ₹13,527 crore refinancing deal
IRFC shares rose 4% to ₹102 after securing a ₹13,527 crore loan from L&TMRHL to refinance Hyderabad Metro Rail project debts. The refinancing enhances financial sustainability and supports the expansion of Hyderabad’s metro network, which currently serves over 500,000 passengers daily.
₹9,968 crore boost for Telangana villages: Roads, water, lights in focus
New Delhi: Telangana has been allocated ₹9,968 crore by the 16th Finance Commission for rural infrastructure and civic amenities across the state. The funds will cover the five-year period from 2026-27 to 2030-31 and will be used by gram panchayats, mandal parishads and zilla parishads. The allocation is part of the ₹4,35,236 crore recommended by the 16th Finance Commission for states across India. For villages in Telangana, this money could mea…
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