IRFC shares in focus, firm signs 5000 crore agreement with NTPC
The Purpose of entering into the agreement is for meeting part of capital expenditure for ongoing/new capacity addition being undertaken by the Borrower including refinancing of loans, etc.
New Delhi: Shares of Indian Railway Finance Corporation (IRFC) will be in focus on Wednesday, following the company's signing of a Rs 5,000 crore rupee term loan (RTL) arrangement with NTPC Renewable Energy Limited (NTPC REL) to assist its continuous and new capacity growth initiatives.
According to NTPC REL's board clearance, the loan would also be used to refinance current debt. Though NTPC REL has given a negative lien with a few exclusions, the agreement signed on March 25, 2025, is unsecured. The loan sum has not yet been disbursed.
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The Purpose of entering into the agreement is for meeting part of capital expenditure for ongoing/new capacity addition being undertaken by the Borrower including refinancing of loans, etc.
Shares of IRFC are trading low by 0.046% at Rs 129.35.
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