The government of Telangana has secured funds worth Rs 136 billion from the Indian Railway Finance Corporation (IRFC) for the refinancing of the Hyderabad Metro Rail Phase I Project. The agreement for the same was signed by Hyderabad Metro Rail Limited, IRFC and Larsen & Toubro Metro Rail (Hyderabad), on May 25, 2026.
The loan will be used to refinance debt obligations, including non-convertible debentures, commercial papers and working capital borrowings.