Hyderabad Metro Explores Alternative Funding As Rs 13,600 Crore IRFC Refinancing Remains Pending

Hyderabad Metro Rail Limited (HMRL) is evaluating alternative financing options as the Rs 13,600 crore refinancing package from Indian Railway Finance Corporation (IRFC) remains pending.

The loan is intended to replace high-cost debt and facilitate transfer of Phase-I from L&T Metro Rail (Hyderabad) Limited (LTMRHL) to the Telangana government.

The HMRL board, chaired by Chief Secretary Sanjay Jaju, directed preparing contingency funding plans and appointing a financial consultant to syndicate funds from alternative lenders.

HMRL decided to procure 60 additional Metro coaches to meet rising commuter demand.

HMRL is planning a unified mobility app integrating Hyderabad Metro with TGSRTC buses and ride-hailing platforms like Uber, Ola, and Rapido, plus a common ticketing system.