IRFC Secures Fifth Straight ‘Excellent’ DPE Rating Since Listing

05 Jan 2026 CW Team

Indian Railway Finance Corporation (IRFC), a Government of India Navratna CPSE under the administrative control of the Ministry of Railways, has been awarded an “Excellent” rating by the Department of Public Enterprises (DPE) for the financial year 2024–25. This marks the fifth consecutive year that IRFC has achieved the highest performance rating since its listing in FY 2020–21.

The sustained recognition highlights IRFC’s ability to navigate emerging challenges while maintaining institutional strength and delivering consistently strong performance. The DPE rating also underscores the company’s robust governance framework, operational efficiency and financial discipline, even as IRFC continues to evolve its business model in line with its expanded mandate.

During FY25, IRFC further strengthened and diversified its lending portfolio in a calibrated manner, aligned with a whole-of-Government approach. The company continued to focus on efficient financing of railway-linked infrastructure, while extending timely and cost-effective funding support across the broader railway ecosystem and other strategically linked sectors.

IRFC’s performance during the year reflected its ability to bring greater efficiencies in infrastructure financing while remaining firmly anchored to its core mandate of supporting Indian Railways. The company’s disciplined approach to capital allocation and risk management has enabled it to sustain high standards of performance amid a changing operating environment.

Since its listing, IRFC has consistently delivered strong financial and operational outcomes, reinforcing its role as a key financial arm of the Ministry of Railways. The fifth consecutive “Excellent” rating by DPE reaffirms IRFC’s position as one of the best-performing central public sector enterprises and highlights its continued contribution to the development of India’s railway infrastructure and allied sectors.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..