IRFC refinances Hyderabad metro's ₹13,527 crore debt
Indian Railway Finance Corporation has entered metro rail financing. It signed a term loan agreement to refinance ₹13,527 crore debt for the Hyderabad Metro Rail project. This move is expected to help the project report a profit next year. Hyderab...
By ET Bureau |
New Delhi: Indian Railway Finance Corporation (IRFC) has signed a term loan agreement to refinance ₹13,527 crore debt obligations of Hyderabad Metro Rail project Monday. This marks the public sector undertaking's entry into metro rail financing.
Officials expect this agreement with L&T Metro Rail (Hyderabad) Ltd to help the project report a profit next year.
Speaking to mediapersons here, Telangana chief secretary K Ramakrishna Rao said the Hyderabad Metro's earnings before interest, taxes, depreciation, and amortization (EBITDA) are positive.
Officials expect this agreement with L&T Metro Rail (Hyderabad) Ltd to help the project report a profit next year.
Speaking to mediapersons here, Telangana chief secretary K Ramakrishna Rao said the Hyderabad Metro's earnings before interest, taxes, depreciation, and amortization (EBITDA) are positive.
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