IRFC looks to finance infra projects having linkages with Railways

Indian Railway Finance Corp. Ltd (IRFC), a financial institution under the ministry of railways, is looking to fund public and private infrastructure projects to expand its business that has been focused on mobilizing and funding projects of the Indian Railways.

- Subhash Narayan

The state-owned non-bank financial institution is looking at expanding into sectors with strong forward and backward linkages to railways, such as power generation and transmission, mining, fuel, coal, warehousing, telecom and hospitality, Manoj Kumar Dubey, chief executive and CMD of IRFC, said.

IRFC is also exploring opportunities to fund rolling stock requirements for Indian Railways customers, container train operators, renewable energy needs of Indian Railways, Metro Rail projects, port rail connectivity and PPP (public-private partnership) projects sanctioned by Indian Railways, he added.