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IRFC Board Sanctions ₹70,000 Crore Fundraising for FY27
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IRFC Board Approves ₹70,000 Crore Fundraising for FY27; Declares Dividend
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CNBC TV18
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09-03-2026, 15:47
IRFC Board Approves ₹70,000 Crore Fundraising for FY27; Declares Dividend
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IRFC board approved a ₹70,000 crore fundraising plan for FY27 to meet its financing requirements.
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Funds will be raised from domestic and offshore markets through various instruments like bonds, ECBs, and masala bonds.
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Proceeds will finance Indian Railways, support diversification, refinance borrowings, and for general corporate purposes.
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Company declared a second interim dividend of ₹0.75 per equity share for FY26, with record date March 13, 2026.
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IRFC reported its highest-ever quarterly net profit of ₹1,802 crore in the December quarter, despite a slight revenue moderation.
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