DFCCIL signs agreement with IRFC

NEW DELHI : In a historic first and a decisive step towards AtmanirbharBharat, DFCCIL has signed an agreement with Indian Railway Finance Corporation (IRFC) to refinance ₹10,000 crore of DFCCIL’s foreign currency debt availed from the World Bank for the Eastern Dedicated Freight Corridor (EDFC).

This first-of-its-kind refinancing arrangement, structured in close coordination with the Ministry of Finance, Ministry of Railways, DFCCIL, IRFC, and the World Bank, is expected to result in savings of ₹2,700 crore for the Government of India.

The agreement was signed between DFCCIL and IRFC under the chairmanship of Sh. Satish Kumar, Chairman & CEO, Railway Board.

Senior leadership of DFCCIL, included Sh. Praveen Kumar, MD, Sh. Shobhit Bhatnagar, Director/OP&BD, Sh. Rahul Kapoor, Director/Finance, and Sh. Anurag Sharma, Director/Infrastructure.

Senior officials from IRFC were also present, led by Ms. Deepa Kotnis, Executive Director/Finance, along with Sh. Nav Goel, GM/Finance and Sh. Ashish Saini, GM/Finance.

A landmark move that strengthens financial self-reliance while reinforcing India’s commitment to building world-class freight rail infrastructure.