Indian Railways signs ₹13,500-cr deal to refinance Hyd Metro debt

Indian Railway Finance Corporation (IRFC) signed a ₹13,527-crore deal to refinance the Hyderabad Metro Rail debt. This comes after the Telangana government took full ownership of L&T Metro Rail (Hyd) Limited, converting it into state-owned public transport. The deal will replace high-cost borrowings with lower-cost, long-term rupee financing spread over 20 years with quarterly instalments.