: IRFC mobilises funds from domestic and international markets to finance rolling stock, lease railway infrastructure assets, and lend to entities within the rail ecosystem. Its cost-plus, 30-year leasing structure with MoR underpins stable earnings and low credit risk.

IRFC’s operations and customers are domiciled in India; the Company’s turnover from exports is Nil. It serves the Indian market across 36 States and Union Territories, with lease and interest income received domestically.

IRFC attained Navratna status in March 2025 and advanced its diversification by financing NTPC’s BOBR rakes and extending a large term loan to NTPC Renewable Energy Limited. It also signed an MoU with REMC for green energy projects and emerged as the lowest bidder for financing the Banhardih Coal Block for PVUNL.