IRFC delivers Rs 12,842 crore strategic refinancing for HURL, advancing whole-of-government financing vision
Indian Railway Finance Corporation Limited (IRFC) has signed a major Rupee Term Loan agreement with Hindustan Urvarak and Rasayan Limited (HURL) for the refinancing of its existing long-term debt up to Rs 12,842 crore. This refinancing transaction with HURL reflects IRFC's whole-of-government approach, bringing cost-effective, long-term financing solutions to strategically important sectors such as fertilizers. The refinancing is expected to deliver substantial value to HURL through competitive financing terms and an optimised repayment structure. This will enhance financial flexibility, improve debt servicing efficiency, and free up resources for operational strengthening and future growth. The project has strong forward and backward linkages with the railway ecosystem.
Key Highlights
- IRFC signed a Rupee Term Loan agreement with HURL for refinancing existing long-term debt up to Rs 12,842 crore.
- Refinancing transaction reflects IRFC's whole-of-government approach, supporting critical infrastructure sectors with strong linkages to railways.
- Refinancing is expected to deliver substantial value to HURL through competitive financing terms and optimised repayment structure.
- Project has strong forward and backward linkages with the railway ecosystem.
- IRFC continues to maintain a strong asset quality record with a zero-NPA portfolio.