IRFC Signs ₹13,527 Crore Metro Deal
Indian Railway Finance Corporation shares rose nearly 3% after the company signed a ₹13,527 crore refinancing agreement for the Hyderabad Metro Rail project. The deal marks IRFC’s entry into urban infrastructure financing beyond its traditional railway-linked business.
IRFC Hyderabad Metro Refinancing Deal
IRFC has signed a term loan agreement with L&T Metro Rail Hyderabad Limited to refinance the existing debt obligations of the Hyderabad Metro Rail project.
The loan facility is structured for 20 years with quarterly repayments. It will replace higher-cost debt with long-term rupee financing and includes no processing fee, commitment charges or prepayment penalties.
IRFC Shares Rise After Metro Deal
IRFC shares gained up to 2.94% on the NSE, touching an intraday high of ₹101.08 after the announcement.
Investor interest rose because the transaction signals IRFC’s diversification into wider infrastructure financing. The company said the deal is part of its strategy to move beyond conventional railway assets while using its expertise in long-term transport finance.
Hyderabad Metro Debt To Be Refinanced
The refinancing will help manage the Hyderabad Metro project’s existing debt and improve its long-term financial sustainability.
The deal comes as the Telangana government moves to take full control of L&T Metro Rail Hyderabad Limited through Hyderabad Metro Rail Limited. IRFC expects this transaction to open opportunities in other metro and brownfield urban transport projects.
