Overview
- IRFC said it executed and disbursed a Rs 9,821 crore rupee term loan to replace DFCCIL’s World Bank IBRD borrowings for the Eastern Dedicated Freight Corridor.
- DFCCIL estimates the refinancing will generate savings of roughly Rs 2,700 crore for India.
- Moving from foreign‑currency debt to rupee funding reduces exchange‑rate volatility and aligns liabilities with DFCCIL’s rupee revenues.
- The agreement was executed at the Railway Board in New Delhi, signed by DFCCIL finance director Rahul Kapoor and IRFC executive director Deepa Kotnis in the presence of Railway Board Chairman and CEO Satish Kumar.
- IRFC characterized the deal as part of its expansion into a diversified infrastructure financier within the railway ecosystem, while the EDFC targets decongested passenger lines and more efficient freight movement across northern and eastern India.