India, May 25 -- Indian Railway Finance Corporation (IRFC) has signed a Rs 13,527 crore term loan agreement with L&T Metro Rail Hyderabad Limited to refinance the debt obligations of the Hyderabad Metro Rail project, marking one of the largest refinancing transactions in India's urban transit sector.
The agreement was signed in the presence of Manoj Kumar Dubey and K. Ramakrishna Rao, highlighting the strategic importance of the project for urban infrastructure development.
According to IRFC, the refinancing aligns with its strategy of expanding beyond conventional railway financing into broader transportation and infrastructure funding, in line with the Government of India's Viksit Bharat vision.
The refinancing comes after the transfer...