No role in stalling IRFC loan for HMR takeover; delay due to repayment issue, says Kishan Reddy (opens original article in a new tab)

Union Minister G. Kishan Reddy denied obstructing the IRFC loan for HMR Phase I takeover, attributing the delay to a repayment prioritization issue between the Telangana government and the Ministry of H&UA, and offered to facilitate a meeting to resolve the matter.

• Union Minister G. Kishan Reddy denied obstructing the IRFC loan for HMR Phase I takeover, attributing delay to a repayment prioritization issue
• The delay stems from a disagreement between the Telangana government and the Ministry of H&UA over whether HMR revenues should prioritize loan repayment or operational costs
• Kishan Reddy offered to facilitate a meeting between the Chief Minister and Manohar Lal Khattar to resolve the issue