Two overseas investors evince interest in L&T Metro Rail Hyderabad.

At least two foreign investors from Singapore and Canada have evinced interest in investing in L&T Metro Rail Hyderabad Ltd., which is developing a 72-km elevated metro rail project with an investment of Rs. 14,132 crore.

The L&T Metro is however not interested in divesting equity stake in the project now but is focussing on raising cheaper debt to swap high cost debt and bring down the impact of high interest rates, inflation and a strong dollar on the company's finances, according to VB Gadgil, Chief Executive and Managing Director of L&T HMRL.

HBL