Indian Railway Finance Corporation Ltd. (IRFC) was founded in 1986 and is headquartered in New Delhi, India. As the financial arm of Indian Railways, IRFC's primary purpose is to finance the acquisition of rolling stock and other assets for Indian Railways, supporting the expansion and modernization of India's railway network. The company provides key financial services, including raising funds through bond issuances and offering loans to the Indian Railways.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
IRFC made its debut in the bond market in 1997, establishing itself as a significant player in infrastructure financing. Notable bond issuances include their innovative green bonds launched in 2020, which attracted considerable attention for their environmentally sustainable focus. As of 2023, IRFC bonds typically yield around 7-8%, competitive within the infrastructure sector, and are known for their strong backing by the Indian government, enhancing their attractiveness to retail investors. Recent news also highlights IRFC's plans to raise additional funds through bond issuances to meet the growing financing requirements of Indian Railways, consolidating its role as a key facilitator in India's railway infrastructure expansion.