# IRFC to raise $2 billion via ECB for railway projects 2026-08-08T00:05:55+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet State-owned Indian Railway Finance Corporation (IRFC) plans to raise $2 billion through external commercial borrowing (ECB), mostly in Japanese yen, to fund business growth in the current financial year. The board has approved a ₹70,000-crore resource mobilisation plan for FY27. PTI reports that IRFC has signed a loan agreement for a JPY-equivalent $1.1 billion ECB with a consortium of banks, with a five-year tenor benchmarked to the overnight TONAR rate. IRFC Chairman Manoj Kumar Dubey expects disbursements within the June quarter. The company aims to sanction loans worth ₹1 lakh crore in FY27, after sanctioning ₹72,949 crore and disbursing ₹35,067 crore in FY26. IRFC reported a record profit of ₹7,009 crore last year, with zero non-performing assets. ## Coverage - millenniumpost.in Tags: ECB, infrastructure, IRFC, Japanese yen, Navratna, railway finance Canonical: https://indianopinion.org/irfc-to-raise-2-billion-via-ecb-for-railway-projects/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/irfc-to-raise-2-billion-via-ecb-for-railway-projects/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.