Indian Railway Finance Corporation Limited (IRFC) has sanctioned financial assistance of ₹13,527 crore to L&T Metro Rail (Hyderabad) Limited for refinancing existing debt of the company.
Project Details
The funds will refinance existing debt of L&T Metro Rail (Hyderabad) in relation to setting up and implementation of the rail system for 71.16 km on elevated structures on three corridors — Miyapur to L.B. Nagar; Jubilee Bus Station to Falaknuma; and Nagole to Shilparamam — in Hyderabad on design, build, finance, operate and transfer (DBFOT) basis.
Legal Advisory
Khaitan & Co acted as lender’s legal counsel to IRFC on this transaction. The firm assisted in structuring of the deal and drafting and finalization of financing documents.
The transaction team consisted of Dr Siddharth Srivastava (Partner) and Abhilash Kumar (Principal Associate).
