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The Hindu·3 min read·medium

No role in stalling IRFC loan for HMR takeover; delay due to repayment issue, says Kishan Reddy

No role in stalling IRFC loan for HMR takeover; delay due to repayment issue, says Kishan Reddy
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This article covers: No role in stalling IRFC loan for HMR takeover; delay due to repayment issue, says Kishan Reddy

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Union Minister G. Kishan Reddy attributed the delay in the disbursal of a ₹13,527 crore loan from the Indian Railway Finance Corporation (IRFC) for the Hyderabad Metro Rail (HMR) Phase I takeover from L&T Metro Rail Hyderabad (L&TMRH) to what he described as a ‘small technical issue’, even as the matter escalates into a political row with the Telangana government.

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