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VERIFIEDMint Markets·positive
Big push for Hyderabad Metro! IRFC signs ₹13,527 crore refinancing deal
AI Summary
- ·IRFC secured a ₹13,527 crore loan from L&TMRHL to refinance Hyderabad Metro Rail project debts.
- ·IRFC shares rose 4% to ₹102 following the announcement.
- ·The refinancing aims to enhance financial sustainability and support the expansion of Hyderabad's metro network, which currently serves over 500,000 passengers daily.