IRFC extends ₹9,821 crore loan to DFCCIL for refinancing
after close1 source ↓written by the desknot a recommendation
- loan
- ₹9,821 crore
The Indian Railway Finance Corporation (IRFC) has extended a ₹9,821 crore loan to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to refinance its World Bank debt for the Eastern Dedicated Freight Corridor project. This rupee-denominated term loan signifies a pivotal moment in India's infrastructure financing, showcasing the capacity of domestic institutions to fund large projects locally.
• Loan agreement signed by IRFC and DFCCIL officials
• Marks a shift towards local funding solutions for infrastructure
This refinancing may enhance investor sentiment towards infrastructure financing in India.
Not investment advice. For informational purposes only.