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In a significant development, the Indian Railway Finance Corporation has agreed to extend a loan of ₹13,615 crore to the government for the takeover of Hyderabad Metro Rail from L&T Metro Rail Hyderabad Limited. This revised loan amount is higher than the earlier proposed ₹12,750 crore, marking a major step forward in the takeover process.
The loan will be repaid over a period of 20 years, ensuring long-term financial planning. As part of the transition, 115 employees will be retained for one year to maintain operational continuity. A formal announcement detailing the takeover modalities is expected to be made soon by the authorities.
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