IRFC to now venture into metro projects, says CMD & CEO Manoj Dubey

Will increase NIMs with non-rail funding, project refinancing

Indian Railway Finance Corporation (IRFC), the financing arm of Indian Railways which was recently upgraded to Navratna status, will now look at financing metro projects across the country, Manoj Kumar Dubey, chairman, managing director and chief executive officer (CMD and CEO) said on Wednesday.

 

With the government looking increasingly inward for financing the large-scale infrastructure needs of the country, railways has not been allocated any borrowing legroom for the third straight year in the Union budget for 2025-26.

 

In view of this, the company, which was formed solely to handle the external financing needs of the national transporter, had been