NIIFL invests ₹4,000-cr in Hyderabad Metro project
To ensure a smooth flow of funding in the Hyderabad Metro Rail (HMR), the National Investment and Infrastructure Fund Ltd (NIIFL) has offered to invest around ₹4,000 crore in the mega metro project. It will boost its operations and also tide over the financial crisis. HMR is incurring losses up to ₹5 crore a day and during the Covid-19 crisis, it suffered huge losses and sought some soft loans.
