IRFC Signs JPY Equivalent $400 Mn ECB With SMBC And MUFG

05 Mar 2026 CW Team

The facility is for JPY equivalent USD 400 mn and is structured as a five?year unsecured loan benchmarked to the Tokyo Overnight Average Rate (TONAR). The company indicated that it previously raised JPY equivalent USD 300 mn in December 2025, making this the second such transaction in the current financial year and reaffirming access to international debt markets. The five?year tenor aligns with the company’s liability management objectives.

The disclosure set out that the proceeds will be utilised to finance projects with forward or backward linkages to the railway sector or any other projects approved by the company in compliance with external commercial borrowing guidelines. The agreement carries no security, reflecting its unsecured nature, and the total aggregate facility amount is stated as JPY equivalent USD 400 mn with the loan to be availed as per the facility terms. The facility amount will be availed as per the terms of the facility agreement and is recorded as an aggregate commitment.

IRFC noted that the transaction is intended to optimise the weighted average borrowing cost and to deepen engagement with global capital providers while supporting the expansion and modernisation of railway infrastructure. The company said that the new borrowing demonstrates investor confidence in its financial fundamentals and strategy, and that the arrangement complements its earlier re?entry into the external commercial borrowing market.

Indian Railway Finance Corporation (IRFC) announced on 25 February 2026 that it has signed a loan agreement with a consortium comprising Sumitomo Mitsui Banking Corporation (SMBC), Gift City Branch, and MUFG Bank Ltd (MUFG), Gift City Branch, for raising an external commercial borrowing facility. The disclosure to stock exchanges stated that the facility agreement was executed in New Delhi and that the arrangement marks IRFC's second external commercial borrowing in the financial year. The disclosure was made under the SEBI Listing Regulations and related master circulars as part of regulatory compliance. The facility is for JPY equivalent USD 400 mn and is structured as a five?year unsecured loan benchmarked to the Tokyo Overnight Average Rate (TONAR). The company indicated that it previously raised JPY equivalent USD 300 mn in December 2025, making this the second such transaction in the current financial year and reaffirming access to international debt markets. The five?year tenor aligns with the company’s liability management objectives. The disclosure set out that the proceeds will be utilised to finance projects with forward or backward linkages to the railway sector or any other projects approved by the company in compliance with external commercial borrowing guidelines. The agreement carries no security, reflecting its unsecured nature, and the total aggregate facility amount is stated as JPY equivalent USD 400 mn with the loan to be availed as per the facility terms. The facility amount will be availed as per the terms of the facility agreement and is recorded as an aggregate commitment. IRFC noted that the transaction is intended to optimise the weighted average borrowing cost and to deepen engagement with global capital providers while supporting the expansion and modernisation of railway infrastructure. The company said that the new borrowing demonstrates investor confidence in its financial fundamentals and strategy, and that the arrangement complements its earlier re?entry into the external commercial borrowing market.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..