Indian Railway Finance Corporation (IRFC) has outlined an ambitious ₹70,000 crore borrowing programme for the financial year 2026–27, aimed at supporting the capital expenditure requirements of the railway sector and expanding its funding operations.
The proposed borrowing plan will involve raising funds from both domestic and overseas markets, using instruments such as bonds and loans to ensure adequate financial resources for railway infrastructure projects and related investments.
IRFC, which serves as the dedicated financing arm of Indian Railways, raises funds from capital markets and financial institutions and then lends these resources for railway asset creation and expansion.
The planned borrowing for FY27 is expected to help meet the growing capital requirements of railway projects, including rolling stock acquisition and infrastructure development. The corporation plays a key role in mobilising funds for the rail sector’s large investment programme.
In recent years, IRFC has also been working to diversify its funding sources and investor base, including engaging with international lenders and investors to raise long-term funds at competitive rates. This strategy is intended to broaden financing options while maintaining cost-effective borrowing.
The borrowing plan will be considered as part of the company’s broader financial strategy for the upcoming fiscal year, enabling it to continue supporting railway infrastructure expansion and associated projects.