IRFC to raise USD 2 billion through ECB for infrastructure
pre-market1 source ↓written by the desknot a recommendation
- resource mobilization plan
- ₹70,000 cr
The Indian Railway Finance Corporation plans to raise USD 2 billion via external commercial borrowing, primarily in Japanese yen, to support its ₹70,000 cr resource mobilization plan for this financial year. A loan agreement for JPY equivalent USD 1.1 billion has been signed with a consortium of banks, expected to disburse by June. This move aims to finance key infrastructure projects, enhancing business growth.
Not investment advice. For informational purposes only.