IRFC Inks ₹13,000 Crore Loan Pact to Refinance Hyderabad Metro Phase I Debt
मुख्य बातें
- •IRFC has signed a ₹13,000+ crore refinancing deal with L&T to refinance Hyderabad Metro Phase I debt
- •Hyderabad Metro Phase I covers 69.2 km across three corridors with 57 stations
- •The network serves over 5 lakh passengers daily, one of the highest in India
- •The refinancing is expected to improve L&T’s financial flexibility and support long-term project sustainability
The Indian Railway Finance Corporation (IRFC) has executed a debt refinancing agreement worth over ₹13,000 crore with Larsen & Toubro (L&T) to refinance the existing debt of Hyderabad Metro Rail Phase I. The deal is expected to ease L&T’s financial obligations and support the continued operation and expansion of the metro network in Hyderabad. According to project officials, this refinancing arrangement will help optimize the project’s capital structure and enhance its long-term financial sustainability.
Hyderabad Metro Phase I, one of the country’s largest urban infrastructure projects, spans 69.2 kilometers across three major corridors—Red, Green, and Blue—connecting key business districts, residential areas, and transport hubs. The network comprises 57 stations and currently handles over 5 lakh passenger journeys daily, making it a critical component of the city’s public transport system. The metro has played a pivotal role in reducing road congestion and improving commuter mobility since its phased inauguration began in 2017.
