New Delhi, May 25 -- Indian Railway Finance Corporation Ltd. (IRFC) 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, in a move aimed at strengthening the project's financial sustainability and supporting future metro expansion in the city.

The refinancing comes after the transfer of 100 per cent ownership of L&TMRHL from Larsen & Toubro Limited to the Government of Telangana through Hyderabad Metro Rail Limited (HMRL), converting the metro network into a state-owned public mobility asset and creating a stronger financial framework for expansion plans.

The agreement was signed in the presence of IRFC CMD and CEO ...