IRFC Signs Strategic MoU for Tuticorin Port’s Outer Harbour Expansion

Indian Railway Finance Corporation has entered into a strategic collaboration to expand its role in national infrastructure financing, with a focus on port-led and multimodal connectivity projects. 

MoU Partners and Project Focus 

IRFC signed a tripartite memorandum of understanding on February 3, 2026, with V.O. Chidambaranar Port Authority and Sagarmala Finance Corporation Limited.  

The agreement focuses on jointly supporting financing for the Outer Harbour Project at V.O. Chidambaranar Port, also known as Tuticorin Port, while also exploring funding opportunities for other port-led and multimodal infrastructure projects.  

The collaboration brings together IRFC’s long-tenor financing capabilities, Sagarmala Finance Corporation’s maritime sector expertise and the port authority’s expansion programme. 

Financing Strategy and Infrastructure Integration 

The partnership is aimed at aligning rail, port and multimodal infrastructure development to support rising cargo volumes and coastal trade.  

The Outer Harbour Project is part of a broader capacity expansion and connectivity upgrade plan at Tuticorin Port.  

Through this collaboration, the parties intend to enable integrated transport infrastructure by combining capital market access, sector-specific financing experience and on-ground port development requirements. 

Strategic Intent and Leadership Commentary 

As per exchange filings, IRFC said the MoU reflects its broader infrastructure diversification strategy while maintaining a strong link with rail-connected logistics.  

“The MoU represents IRFC’s strategic transition into a diversified national infrastructure financier while keeping railways at the core of India’s logistics transformation,” the company said.  

It added that the partnership would support port-led development that is seamlessly connected with rail infrastructure and reflects a whole-of-transport approach to meeting India’s infrastructure needs. 

Read More: Railway Stocks in Focus as Budget 2026 Announces Bullet Train Expansion! 

IRFC Share Price Performance  

As of February 4, 2026, at 9:23 AM, Indian Railway Finance Corporation Ltd share price is trading at ₹115.17 per share, reflecting a gain of 0.043% from the previous closing price. Over the past month, the stock has declined by 9.74%. 

Conclusion 

The tripartite MoU marks a step towards integrated infrastructure financing, with IRFC partnering port and maritime finance institutions to support the Outer Harbour Project at Tuticorin Port and strengthen multimodal connectivity. 

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