IRFC Gains 2% After ₹12,842 Crore Loan Deal with HURLIRFC Gains 2% After ₹12,842 Crore Loan Deal with HURL

Introduction:

Leading Navratna railway financing company signed a major Rupee Term Loan agreement for refinancing of existing long-term debt worth ₹12,842 crore with a government-owned fertilizer company.

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Share Price Movement

On March 24, 2026, Indian Railway Finance Corporation Ltd opened at ₹92.10, up 3.02% from its previous close of ₹89.40. The stock reached a high of ₹93.15 (4.20%) and a low of ₹91.00. By 4:00 PM, it traded at ₹92.09, a 3.01% increase, with a market cap of ₹1,21,733.13 crore.

₹12,842 Crore HURL Refinancing Deal

Indian Railway Finance Corporation Limited signed a Rupee Term Loan agreement with Hindustan Urvarak and Rasayan Limited (HURL) on March 23, 2026 for refinancing of its existing long-term debt up to ₹12,842 crore. This represents one of IRFC’s largest refinancing initiatives under its IRFC 2.0 strategic vision.

The loan agreement was signed in New Delhi between Sunil Kumar Goel, Executive Director (Finance) of IRFC, and Poonam Jeswani, Chief Financial Officer of HURL. The refinancing is expected to deliver value to HURL through competitive financing terms and an optimised repayment structure aligned with its operational cash flows.

HURL is a joint venture of leading PSUs including NTPC, Coal India, Indian Oil, FCIL and HFCL, established to revive closed fertilizer plants at Gorakhpur, Sindri and Barauni. All three plants are now operational and have strong forward and backward linkages with the railway ecosystem for fertilizer movement.

Stock performance of Indian Railway Finance Corporation Ltd.  for Period of 1 week, 6 months, and 1 year

IRFC delivered a 1-week return of -7.54%, a 6-month return of -27.9%, and a 1-year return of -32.6%.

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Shareholding pattern of Indian Railway Finance Corporation Ltd.

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	86.40%	86.40%	86.40%
FII	1.00%	1.00%	0.90%%
DII	1.50%	1.50%	1.50%
Public	11.10%	11.20%	11.20%

About Indian Railway Finance Corporation Ltd.

Indian Railway Finance Corporation Ltd (NSE: IRFC) is a Navratna CPSE under the Ministry of Railways, established in 1986 as the dedicated financing arm for Indian railway infrastructure development.

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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.

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