L&T raises $1.7bn for Hyderabad metro
L&T Metro Rail Hyderabad has raised Rs13,119 crore ($1.775 billion) by selling bonds and commercial papers to refinance its Rs 14,132 crore Hyderabad Metro Rail (HMR) PPP project. The company aims to reduce its funding cost by at least 200 basis points by replacing high-cost bank loans with the...