IRFC Board Clears Rs 700 bn Market Borrowing For FY27

13 Mar 2026 CW Team

The board of the Indian Railway Finance Corporation (IRFC) cleared a market borrowing programme worth 700 billion rupees (Rs 700 bn) for fiscal year FY27, signalling a sizeable funding requirement for public sector rail financing. The approval authorises the state-owned borrower to tap capital markets through bonds and instruments as needed during the year. The decision follows routine funding planning to align resources with the financing needs of the national railways.

The programme size converts the announced 70,000 crore rupees figure into 700 billion rupees, presented here as Rs 700 bn for clarity. The borrowing authority is expected to manage tenor and issuance schedules to meet cashflows and capital expenditure commitments without creating undue market disruption. The company will coordinate with advisors and regulators to place instruments in domestic debt markets.

IRFC, the dedicated financing arm of the railway sector, typically raises long-term resources to support rolling stock acquisition and infrastructure related funding, and the board resolution reflects continuity in that role. Institutional investors, including banks, mutual funds and insurance investors, constitute the primary investor base for such offerings and will be engaged during the issuance process. Market participants will assess supply, demand and prevailing rates as the programme is implemented.

The approval is expected to influence the supply of investment grade debt in domestic markets and will be monitored by market observers and policymakers. The board clearance allows the issuer to initiate detailed issuance plans and to execute transactions in line with market conditions and regulatory requirements. The company announced that it will proceed with the borrowing programme while maintaining fiscal discipline and funding predictability. The move will be tracked by analysts.

Infrastructure Urban

23 Apr 2026

Centre Examines Duty Relief Under MOOWR For Battery Storage Imports

The finance ministry is examining whether to continue customs warehousing benefits under the Manufacture and Other Operations in Warehouse Regulations, 2019 framework for imported battery energy storage systems. It plans consultations with the ministries of power and new and renewable energy to decide on the future scope of duty and GST deferment for such imports. The review follows concerns from the renewable energy sector that the current approach is creating an uneven playing field. Under the regulations, companies may import goods without paying customs duty or goods and services tax upfro..

Jamshedpur MP Seeks Rs 4,820 Million Plan For Tatanagar Platforms

Member of Parliament Bidyut Baran Mahato held a meeting with Vikas Jain, Executive Director (Public Grievances) of the Railway Board, following a special session of Parliament to press for accelerated rail infrastructure work around Jamshedpur and Tatanagar. The discussions addressed a range of projects that the ministry is prioritising for the area. Final Location Surveys for the construction of the fourth and fifth railway lines between Pandrasali and Kandra and for the development of a satellite station near Tatanagar have already been approved, clearing the way for detailed planning. Mahat..

Final Batch Of Two 3,300 HP Locomotives Reach Mozambique

The final batch of two 3,300 horsepower (hp) locomotives manufactured by Banaras Locomotive Works (BLW) has reached Mozambique, marking completion of an export consignment. The locomotives arrived at Maputo harbour and were cleared for onward movement to the national rail operator. The shipment closes a programme that began with earlier consignments delivered over the past months. Banaras Locomotive Works, a production unit of Indian Railways, built the locomotives under a contract with the Mozambican rail authority and managed the final inspections and commissioning preparations prior to disp..