Refinanced Hyderabad metro bank rupee loan (Rs130bn) with NCD and commercial paper, resulting in interest cost saving of Rs1bn/quarter. Larsen & Toubro (LT) reported mixed quarterly performance where revenue and EBITDA margins were inline, while there was a miss on PAT due to lower other income and higher tax rate. EBITDA margin declined 57bps YoY to 11.5%, of which commodity inflation impact was ~30-50bps. Order inflow (OI)...