IRFC inks MoU for Tuticorin port outer harbour development
News by Aliceblue News Desk
04 Feb 2026
Introduction
Leading infrastructure financiers signed a tripartite MoU with VOCPA and SMFC to support Tuticorin Port Outer Harbour development and other multimodal transport projects.
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Share price movement of IRFC
On February 4, 2026, Indian Railway Finance Corporation Ltd (IRFC) opened at ₹115.35, up 0.22% from its previous close of ₹115.10. The stock reached a high of ₹116.70 (1.38%) and a low of ₹114.55. By 12:29 PM, it traded at ₹115.95, a 0.74% increase, with a market cap of ₹1,51,529.33 crore.
IRFC Signs MoU for Tuticorin
Indian Railway Finance Corporation Limited (IRFC) signed a tripartite MoU with V.O. Chidambaranar Port Authority (VOCPA) and Sagarmala Finance Corporation (SMFC) for financing large-scale port infrastructure projects.
The MoU focuses on development of the Outer Harbour at Tuticorin Port and other multimodal connectivity projects under Sagarmala and PM Gati Shakti initiatives.
IRFC will provide long-term financing, SMFC brings maritime expertise, and VOCPA leads port expansion. The partnership aims to strengthen India’s integrated transport and logistics infrastructure ecosystem.
Stock performance of IRFC for Period of 1 week, 6 months, and 1 year
IRFC delivered a -4.19% return over the past week, -8.11% over the past 6 months, and -16.5% over the past 1 year.
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Shareholding pattern of IRFC
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 86.40% | 86.40% | 86.40% |
| FII | 1% | 1% | 1% |
| DII | 2% | 2% | 1.50% |
| Public | 11% | 11% | 11% |
About IRFC
Indian Railway Finance Corporation Ltd (NSE: IRFC), incorporated in 1986, borrows funds to finance assets, which it leases to Indian Railways under long-term finance lease arrangements.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is IRFC share price rising today?
A: IRFC signs MoU with VOCPA and SMFC to finance Tuticorin Port Outer Harbour and support multimodal infrastructure projects.
Q: What is IRFC’s main business focus?
A: IRFC borrows funds from financial markets to finance assets leased to Indian Railways under long-term finance leases.
Q: What are the 52-week high and low of IRFC stock?
A: IRFC stock’s 52-week high is ₹148.90 and the 52-week low is ₹108.05.
News Author
Aliceblue News Desk
