IRFC signs ₹13,527 crore refinancing deal for Hyderabad Metro to enhance expansion plans and reduce debt costs.

IRFC signs ₹13,527 crore refinancing deal for Hyderabad Metro to enhance expansion plans and reduce debt costs.

Telangana secures ₹13,600 crore refinancing for Hyderabad Metro Phase-I, enhancing financial sustainability and supporting future expansion plans.

HYDERABAD: The Telangana government on Monday secured a Rs 13,600 crore refinancing agreement from IRFC for the Hyderabad Metro Rail Project.

IRFC will provide a Rs 13,527 crore loan to Hyderabad Metro Rail. This refinancing will help clear debt obligations. IRFC expects to fund more metro projects. The company plans to…