IRFC refinances ₹9,821 crore World Bank loan saving ₹2,700 crore
pre-market1 source ↓written by the desknot a recommendation
- loan
- ₹9,821 crore
- signed
- 23 Dec 2023
Indian Railway Finance Corporation Ltd (IRFC) has successfully refinanced a ₹9,821 crore loan from the World Bank for the Eastern Dedicated Freight Corridor project. This refinancing will result in savings of ₹2,700 crore in interest for the government. The agreement, signed on 23 Dec 2023, marks a significant milestone for India's infrastructure development.
Not investment advice. For informational purposes only.