Indian Railway Finance Corporation (IRFC) conducted a two-day external commercial borrowing roadshow in Singapore on second and third March 2026 led by senior general managers Ajay Swami and Rakhi Dua. The delegation sought to enhance access to diversified pools of global capital required to fund the country’s infrastructure growth through IRFC. The roadshow targeted Japanese and Taiwanese regional investors with offices in Singapore and comprised one-on-one meetings and structured engagements. The exercise formed part of a broader strategy to mobilise long-term funds at competitive rates.

During meetings the delegation outlined IRFC’s two point zero version which extends funding beyond core railway projects to the entire railway ecosystem and related infrastructure. It emphasised sovereign linkages, nil NPA status, low operating cost and a consistent track record as factors that position IRFC favourably to finance railway expansion competitively. Investors received information on diversification into high quality public sector undertakings and infrastructure exposures beyond the Ministry of Railways. The details aimed to convey the corporation’s balanced approach to risk and customer base expansion.

The delegation noted that the diversification strategy includes funding for dedicated freight corridors, metro rails and ports while maintaining strong links with the Ministry of Railways. Mandated lead arrangers Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Financial Group supported the campaign and facilitated structured investor engagements across the Singapore market. Potential lenders engaged actively and sought details on IRFC’s credit profile, business strategy and future borrowing plans. The interactions reinforced investor confidence and interest in future external commercial borrowing transactions.

The successful completion of the Singapore roadshow is expected to strengthen IRFC’s presence within Singapore and extend its regional investor base, thereby supporting the corporation’s objective of securing cost effective diversified funding lines to meet financing requirements for future growth. The delegation reported assurances from participants that they would consider supporting IRFC’s future external commercial borrowing and that the engagements had increased clarity on the corporation’s strategic direction. The outcome is anticipated to support access to long tenured funds under favourable terms.