Hyderabad Metro Rail Refinancing
Sector: Mass Transit • Location: Hyderabad, Telangana, India
Source: Metro Rail News
The Indian Rail Finance Corporation (IRFC) signed a term loan agreement with L&T Metro Rail (Hyderabad) Limited for ₹13,527 crore to refinance the debt obligations of the Hyderabad Metro Rail project. This refinancing replaces higher-cost debt with competitively priced long-term rupee financing over a 20-year tenure with quarterly repayments, improving the project's financial sustainability and en
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Description
Description | The Indian Rail Finance Corporation (IRFC) signed a term loan agreement with L&T Metro Rail (Hyderabad) Limited for ₹13,527 crore to refinance the debt obligations of the Hyderabad Metro Rail project. This refinancing replaces higher-cost debt with competitively priced long-term rupee financing over a 20-year tenure with quarterly repayments, improving the project's financial sustainability and enabling expansion of Hyderabad's metro network. |
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Original Currency | USD |
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