India, May 26 -- Indian Railway Finance Corporation Ltd (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, signed on Monday, is being seen as a major step in strengthening long-term financing for urban mobility infrastructure and reflects IRFC's expanding role beyond traditional railway financing. The loan agreement was signed in the presence of IRFC Chairman and Managing Director Manoj Kumar Dubey and Telangana Chief Secretary K. Ramakrishna Rao.

According to IRFC, the refinancing aligns with the Government of India's visio...