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Telangana secures ₹13,600 crore refinancing deal for Hyderabad Metro Phase-I The refinancing comes after Telangana government, through HMRL, acquired 100% stake in L&T Metro Rail (Hyderabad) Limited from Larsen & Toubro Limited, making Hyderabad Metro a fully government-owned strategic public transport asset

IRFC Signs Rs 13,527 Crore Refinancing Deal for Hyderabad Metro Rail ... Indian Railway Finance Corporation on Monday 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 India’s largest urban transit refinancing transactions. The refinancing agreement follows the transfer of 100 per cent ownership of L&T Metro Rail (Hyderabad) Limited from Larsen & Toubro to the Government of Telangana through Hyderabad Metro Rail Limited, converting the metro network into a state-owned public transport asset. According to IRFC, the refinancing facility will cover existing debt obligations, including non-convertible debentures (NCDs), commercial papers and term loans. The transaction is expected to facilitate the orderly exit of existing lenders while improving the long-term financial sustainability of the metro project. IRFC CMD and CEO Manoj Kumar said the transaction highlights the company’s capability to structure long-tenor financing solutions for major infrastructure assets and reflects its commitment to supporting sustainable urban mobility projects. Hyderabad Metro Rail Ph…

Govt to take over Hyderabad metro rail operations by March 2026 Chief secretary to the Telangana government, K Ramakrishna Rao holds a meeting with L&T officials Hyderabad: Telangana chief secretary K Ramakrishna Rao on Tuesday, December 16, directed officials to complete the process of taking over the Hyderabad Metro Rail from L&T by the end of the current financial year (March 2026). In a review meeting with the committee of secretaries and officials from L&T, the Telangana chief secretary emphasised that the transfer must be carried out in line with the agreement reached between both parties. The government earlier announced the takeover of the Hyderabad Metro rail as L&T said it was unable to continue operating it. Ramakrishna Rao asked for planned actions be taken systematically over the next 100 days and urged the transaction advisor, IDBI Bank, to finalise its report at the earliest to facilitate the completion of the takeover. He also asked L&T to extend full cooperation in this process. Following the takeover, Hyderabad Metro Rail Limited (HMRL) managing director Sarfaraz Ahmad has been directed to prepare proposals related to operations and maintenance. Hyderabad Metro t…

IRFC to extend ₹13,615 crore loan for Hyderabad Metro takeover from L&T H YDERABAD: The Indian Railway Finance Corporation (IRFC) has agreed to extend a ₹13,615 crore loan to the government for the takeover of Hyderabad Metro Rail from L&T Metro Rail, marking a key development in the proposed acquisition. Advertisement The loan amount is higher than the earlier estimate of ₹12,750 crore, indicating a revised financial structure for the takeover. Loan repayment planned over two decades Officials said the loan will be repaid over a period of 20 years, providing long-term financial flexibility for the government as it assumes control of the metro operations. The funding support from IRFC is expected to ease the transition process and ensure continuity in services. Advertisement Advertisement Advertisement Temporary staff retention to ensure operational continuity As part of the transition plan, 115 employees will be retained for one year to maintain operational stability during the handover phase. This move aims to prevent disruptions and ensure that day-to-day metro services continue without interruption. A formal announcement detailing the takeover modalities is expected shortly. A…

Indian Railway Finance Corporation Ltd. Signs INR 135,270 Million ... Indian Railway Finance Corporation Ltd. Signs INR 135,270 Million Refinancing Agreement with L&T Metro Rail Hyderabad Limited Published on 05/25/2026 at 11:46 am IST S&P Capital IQ Add MarketScreener to your sources Share INDIAN RAILWAY FINANCE CORPORATION LIMITED -0.29% Indian Railway Finance Corporation Ltd. signs a INR 135,270 million term loan agreement with L&T Metro Rail Hyderabad Limited to refinance the debt obligations of the Hyderabad Metro Rail project, marking a landmark refinancing transaction in India's urban transit sector. The facility will refinance existing debt obligations, including non-convertible debentures, commercial papers and term loans, enabling an orderly exit for existing lenders while significantly improving the project's long-term financial sustainability. Structured over a 20-year tenure with quarterly repayments, the refinancing replaces higher-cost debt with competitively priced long-term rupee financing. The facility carries no processing fees, commitment charges or prepayment penalties, making it an efficient and borrower-friendly refinancing mechanism. The…

Hyderabad Metro takeover: IRFC extends ₹13,615 cr loan for Telangana Indian Railway Finance Corporation (IRFC) has approved a ₹13,615 crore loan for the Telangana government to facilitate the takeover of Hyderabad Metro Rail from L&T Metro Rail Hyderabad. | Photo Credit: NAGARA GOPAL HyderabadIndian Railway Finance Corporation (IRFC)has agreed to extend a ₹13,615 crore loan for the Telangana Government for the takeover of Hyderabad Metro Rail (HMR) from L&T Metro Rail Hyderabad. The State Cabinet was informed that theHyderabadMetro had approved the loan with a repayment period of 20 years, with a guarantee from the Telangana Government. The legal formalities for availing the loan and procedural aspects of the takeover of Hyderabad Metro will now have to be worked out, according to official sources. A formal announcement on the takeover modalities is likely to be made soon. In February, the State cabinet approved the acquisition of a 100 per cent equity stake in Phase I of the project. The transaction includes approximately ₹13,000 crore and ₹2,000 crore existing debt, along with payments toward L&T’s equity investment. The key aspects o…

IRFC signs Rs 13,527 Crore deal to refinance Hyderabad Metro debt ... Indian Railway Finance Corporation Ltd. (IRFC) on Monday signed a massive Rs 13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) Limited (L&TMRHL) to refinance the debt of theHyderabad MetroRail project, giving a major financial boost to one of India’s largest metro systems. The move is expected to enhance the long-term financial health of the Hyderabad Metro project, while also supporting future expansion plans and improving urban connectivity across the city. The refinancing comes after the Telangana government took full ownership of L&TMRHL through Hyderabad Metro Rail Limited (HMRL), converting the metro network into a state-owned public transport asset. The agreement was signed in the presence of IRFC CMD and CEO Manoj Kumar Dubey and Telangana Chief Secretary K. Ramakrishna Rao. According to officials, the new financing arrangement will replace high-cost borrowings with lower-cost, long-term rupee financing spread over a 20-year repayment period with quarterly instalments. The loan will be used to refinance existing liabilities, including non-convertible debentures (NCDs), commercial pape…

Telangana Secures ₹13,600 Cr Refinancing for Hyderabad ... - YoMetro News and Updates Telangana Secures ₹13,600 Cr Refinancing for Hyderabad Metro Phase-I Suresh Chowhan • 25 May 2026 • 0 min read Telangana secures ₹13,600 crore refinancing deal for Hyderabad Metro Phase-I, boosting infrastructure development and project completion timelines. Telangana's ₹13,600 Crore Refinancing Boost for Hyderabad Metro The Telangana government has announced a significant financial achievement with a ₹13,600 crore refinancing deal for Hyderabad Metro Phase-I. This strategic financial move is set to strengthen the metro project's infrastructure development and ensure timely completion of remaining works. Key Details of the Refinancing Deal Total Amount: ₹13,600 crore Project: Hyderabad Metro Phase-I Purpose: Project acceleration and debt restructuring Impact: Improved financial stability and operational efficiency Significance for Hyderabad Metro This refinancing arrangement comes as a major relief for the Hyderabad Metro Rail (HMR) project, which has been crucial in transforming the city's public transportation landscape. The additional financial support will help expedite ongoing construction a…

IRFC nod for ₹13,615 cr loan for Telangana to acquire L&T Metro The Indian Railway Finance Corporation (IRFC) has agreed to extend a ₹13,615 crore loan to the Telangana government for the takeover of Hyderabad Metro Rail from L&T Metro Rail Hyderabad. The State Cabinet was informed that Hyderabad Metro had approved the loan with a repayment period of 20 years, with a guarantee from the State government. The legal formalities for availing the loan and procedural aspects of the takeover will have to be worked out, said official sources. A formal announcement is likely soon. In February, the State Cabinet had approved the acquisition of a 100 per cent equity stake in Phase I of the project.

Telangana Government secures up to Rs.13,600 crore refinancing support ... The Telangana government has secured a refinancing facility of up to Rs 13,600 crore from IRFC for the Hyderabad Metro Rail project. The move is expected to reduce finance costs, improve financial stability and support future expansion of the metro network Hyderabad: The State government has secured a term loan refinancing facility of up to Rs 13,600 crore from Indian Railway Finance Corporation Limited (IRFC) for the Hyderabad Metro Rail project. An agreement was signed between IRFC, Hyderabad Metro Rail Limited (HMRL) and L&T Metro Rail (Hyderabad) Limited (LTMRHL) in New Delhi on Monday. IRFC CMD and CEO Manoj Kumar Dubey and Chief Secretary K Ramakrishna Rao were present on the occasion. The Chief Secretary said the refinancing support from IRFC would provide major financial relief to L&T Metro Rail (Hyderabad) Limited and place the project on a stronger long-term financial footing. The arrangement would help reduce finance costs, improve financial flexibility and support the government’s plans for future expansion of the Hyderabad Metro network, he explained. The Rs 13,600 crore facility will be us…

IRFC signs Rs 13,527 crore loan agreement with Hyderabad Metro for debt ... Agencies IRFC will provide a Rs 13,527 crore loan to Hyderabad Metro Rail. This refinancing will help clear debt obligations New Delhi: State-owned Indian Railway Finance Corporation (IRFC) on Monday signed an agreement with L&T Metro Rail (Hyderabad) Ltd to refinance the debt obligations of the Hyderabad Metro Rail project . Under the agreement, IRFC will provide a term loan of Rs 13,527 crore to refinance the debt obligations of the Hyderabad Metro Rail project. Also Read: Hyderabad Metro to turn profitable next year with IRFC’s low-cost loan: Telangana Chief Secretary IRFC will disburse Rs 13,500 crore to Hyderabad Metro by June this year, as per the agreement, IRFC Chairman and Managing Director Manoj Kumar Dubey said. Hyderabad Metro is the first metro project financed by IRFC, and the Railway Ministry PSU expects to finance more such brownfield projects in the near future. Live Events "It is going to be a game changer not only for Hyderabad Metro but there are 50 metros in the pipeline and going forward, there will be a lot of business," he added. Also Read: Centre ready in principle for 50:50 fundin…

IRFC Signs ₹13,527 Crore Hyderabad Metro Refinancing Deal with L&T ... Advertisement New Delhi, May 25, 2026: In a landmark move for India’s urban infrastructure, Indian Railway Finance Corporation Ltd. (IRFC) has signed a ₹13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) Limited to refinance the debt of the Hyderabad Metro Rail project. This is one of the largest refinancing transactions in India’s urban transit sector and marks IRFC’s growing role beyond railways into high-impact urban mobility projects. Key Highlights of the Deal Deal Size : ₹13,527 Crore Tenure : 20 years with quarterly repayments Key Features : No processing fees, no commitment charges, no prepayment penalties Borrower : L&T Metro Rail (Hyderabad) Limited (now under full ownership of Telangana Government) Purpose : Refinancing of existing NCDs, commercial papers, and term loans The agreement was signed in the presence of IRFC CMD & CEO Manoj Kumar Dubey and Telangana Chief Secretary K. Ramakrishna Rao . Quick Updates Join PSU Connect on WhatsApp Follow Now IRFC CMD Manoj Kumar Dubey said: “This transaction reinforces IRFC’s growing capability to structure innovative, long-tenor financing solut…

IRFC's ₹13,527 crore loan gives Hyderabad Metro a major debt reset ... Indian Railway Finance Corporation(IRFC) has signed a ₹13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) Limited andHyderabad Metro RailLimited for refinancing the Hyderabad Metro Rail project, in one of India’s largest urban transit refinancing transactions. The agreement, signed on Monday, 25 May, comes against the backdrop of Telangana’s move to take full control of Hyderabad Metro Phase-I from Larsen & Toubro and restructure the project’s debt burden. The agreement was signed in the presence of IRFC Chairman and Managing Director Manoj Kumar Dubey, Telangana Chief Secretary K Ramakrishna Rao, HMRL Managing Director Sarfaraz Ahmad, IRFC Director (Finance) – Additional Charge Randhir Sahay, IRFC Executive Director (Finance) Deepa Kotnis and senior officials from IRFC, HMRL and L&T Metro Rail (Hyderabad) Limited. According to IRFC, the transaction marks a major step in its expanding role in financing strategically important public infrastructure projects and sustainable urban mobility initiatives. The refinancing is linked to Hyderabad Metro Rail Phase-I, which spans 69.2 Km across 3 corrido…

Telangana secures ₹13,600 crore refinancing for Hyderabad Metro May 26, 2026 HYDERABAD: On Monday, the Telangana government secured a refinancing agreement worth ₹13,600 crores from the Indian Railway Finance Corporation (IRFC) for the Hyderabad Metro Rail Project. The agreement was signed in Delhi by officials from IRFC, L&T Metro Rail (Hyderabad) Ltd, and Hyderabad Metro Rail Ltd (HMRL). Chief Secretary K Ramakrishna Rao, who was present at the signing, stated that this refinancing would significantly alleviate financial pressures on the Hyderabad Metro Rail project, enhancing its long-term economic viability, according to a government release. This initiative is aimed at reducing the current debt and facilitating future expansion of the metro system. Rao emphasized the state government’s commitment to developing an efficient, sustainable, and commuter-friendly public transport system in Hyderabad, under the leadership of Chief Minister A Revanth Reddy. He pointed out that as Hyderabad continues to evolve into a major economic hub in India, expanding metro connectivity is vital for supporting the city’s growth. The government has recently acquired full ownership of L&T Metro Rai…