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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..