IRFC Share Price in Focus: Executes Landmark Refinancing for World Bank-Funded Dedicated Freight Corridor

Indian Railway Finance Corporation (IRFC) has refinanced a portion of foreign currency loans earlier taken by the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) from the World Bank.  

The refinancing covers nearly ₹10,000 crore of debt related to the Eastern Dedicated Freight Corridor (EDFC), according to exchange filings. 

Rupee Loan Replaces Foreign Currency Borrowing 

IRFC has extended a rupee-term loan of ₹9,821 crore to DFCCIL to refinance the World Bank loans used for the eastern corridor.  

The agreement was signed at the Railway Board in New Delhi by DFCCIL Director (Finance) Rahul Kapoor and IRFC Executive Director (Finance) Deepa Kotnis, in the presence of senior railway and finance officials. 

Coordination with Central Ministries 

DFCCIL said the refinancing was carried out in coordination with the Ministry of Finance and the Ministry of Railways.  

The transaction is expected to generate savings of about ₹2,700 crore for the Government of India over the loan period, largely by lowering interest costs and reducing exposure to exchange rate fluctuations. 

Eastern Corridor Project Profile 

The Eastern Dedicated Freight Corridor is a 1,337-kilometre rail line running from Punjab to Bihar, with an estimated project cost of around ₹51,000 crore.  

The corridor connects major coal belts and industrial centres and has been used to move bulk cargo, especially coal and raw materials, away from passenger-heavy rail routes. 

Read More: IRFC Targets ₹60,000 Crore Loan Sanctions by Q3! 

IRFC Share Price Performance  

On December 26, 2025, IRFC share price is trading at ₹123.61, a 1.21% increase from the previous closing price. 

Conclusion 

The refinancing replaces part of DFCCIL’s foreign currency debt with domestic borrowing, reducing reliance on multilateral loans while continuing funding for long-term rail infrastructure projects. 

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