New Delhi, May 25 -- Indian Railway Finance Corporation Ltd (IRFC) has expanded its funding programme beyond Indian Railways, its traditional domain, by signing a Rs.13,527-crore term loan agreement with L&T Metro Rail (Hyderabad) Limited (L&TMRHL) to refinance the debt of the Hyderabad Metro Rail project.

The transaction reflects the Navratna central public sector enterprise's continued evolution into a diversified infrastructure financing institution while leveraging its core strength in long-term transportation finance in alignment with the Indian government's Viksit Bharat vision, IRFC said in a statement.

The loan agreement was signed in the presence of Manoj Kumar Dubey, IRFC's chairman, managing director and chief executive offic...