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MAHAGENCO, the largest power generation utility in Maharashtra, remains central to ensuring reliable electricity supply in the state. The latest funding support is expected to further strengthen its operational capabilities.
The aforesaid development comes close on the heels of its recent Rs 12,842 crore loan agreement with Hindustan Urvarak & Rasayan.
'IRFC continues to maintain a strong asset quality profile, with a zero-NPA portfolio, even as it scales up its presence across allied infrastructure segments,” the company said in a statement.
Indian Railway Finance Corp.'s principal business is to borrow funds from the financial markets to finance. The Government of India held an 86.36% stake in the company as of 31 December 2025.
The company’s standalone net profit jumped 10.5% to Rs 1,802.19 crore despite 0.7% fall in net sales to Rs 6,719.23 crore in Q3 FY26 over Q3 FY25.
The scrip was up 0.11% to currently trade at Rs 92.86 on the BSE.
The company will raise funds from the domestic markets / offshore markets, funds through ECBs including but not limited to global medium term note programme, foreign currency bonds, rupee offshore bonds (masala bonds), green bonds, environmental, social and governance (ESG) bonds, offshore loans, multilateral and bilateral loans, export credit financing, and official development assistance (ODA) loans.
The company may also raise funds through instruments such as non-convertible debentures, perpetual bonds, subordinated bonds, market-linked bonds, zero-coupon bonds, and other innovative structures. These may be issued on a secured or unsecured basis through private placement or public issue, with fixed or floating interest rates linked to benchmarks such as G-Sec or SOFR.
Additionally, the company’s board also declared a second interim dividend of Rs 1.05 per share with a face value of Rs 10 each for FY26.
Indian Railway Finance Corp.'s principal business is to borrow funds from the financial markets to finance. The Government of India held an 86.36% stake in the company as of 31 December 2025. The company’s standalone net profit jumped 10.5% to Rs 1,802.19 crore despite 0.7% fall in net sales to Rs 6,719.23 crore in Q3 FY26 over Q3 FY25.
The counter declined 1.46% to settle at Rs 98 on the BSE.
Indian Railway Finance Corporation (IRFC) today signed a loan agreement with the consortium of Sumitomo Mitsui Banking Corporation GIFT City Branch and MUFG Bank Gift Branch in New Delhi for raising External Commercial Borrowing loan of JPY equivalent USD 400 million. This is the second ECB being raised by IRFC during this FY after it successfully raised JPY equivalent USD 300 million in December 2025.
The ECB, being raised for JPY equivalent USD 400 million has been tied up for a 5-year tenor and benchmarked to Overnight TONAR (Tokyo Overnight Average Rate).
The proceeds from this facility shall be utilised towards financing projects having forward or backward linkage with the railway sector or any other project as may be approved by the Company in compliance with the ECB Guidelines.