Indian Railway Finance Corporation Limited has informed the Exchange regarding a press release dated May 25, 2026, titled "IRFC signs Rs 13,527 cr refinancing deal for Hyderabad Metro in major push to urban rail financing".
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IRFC has signed a Rs 13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) Limited to refinance the Hyderabad Metro Rail project's existing debt obligations, including NCDs, commercial papers and term loans. The 20-year facility with quarterly repayments replaces higher-cost debt with competitively priced long-term financing and carries no processing fees or prepayment penalties. The transaction is backed by Telangana government guarantee and RBI-backed direct debit mechanism. Hyderabad Metro Phase-I spans 69.2 km across 3 corridors with 57 stations and serves over 5 lakh passengers daily. For IRFC, this marks strategic diversification beyond traditional railway assets into urban transit infrastructure aligned with the Viksit Bharat vision.
This landmark refinancing strengthens Hyderabad Metro's financial sustainability and enables its planned expansion while establishing a replicable model for financing urban transit systems across India. For IRFC shareholders, the deal signals the company's growing capability in diversified infrastructure financing with secured returns.