Telangana secures ₹13,600 crore refinancing deal for Hyderabad Metro Phase-I

Telangana government secures Rs 13,600 crore refinancing from IRFC for Hyderabad Metro Rail

Telangana secured a Rs 13,600 crore (≈$1.6B) refinancing from IRFC for the Hyderabad Metro Rail, covering 69.2 km and 57 stations, with a 20-year repayment tenure. The state's full acquisition of L&T Metro Rail's stake consolidates public control over a 500,000-daily-rider network, signaling a shift from PPP toward government-managed urban infrastructure financing in India's tier-1 tech hubs.