Indian Railway Finance Corporation (IRFC) successfully concluded a two-day External Commercial Borrowing (ECB) roadshow in Singapore on March 2-3, 2026. A senior delegation engaged with potential Japanese and Taiwanese regional investors. The initiative aims to broaden IRFC’s lender base, secure long-term funds at competitive rates, and diversify its currency profile by funding India’s infrastructure growth.
IRFC Targets Global Capital in Singapore Roadshow
The Indian Railway Finance Corporation (IRFC) announced the successful conclusion of a dedicated ECB (External Commercial Borrowing) roadshow held in Singapore over two days, March 2-3, 2026. The delegation, led by Senior General Managers (Finance) Mr. Ajay Swami and Ms. Rakhi Dua, focused on enhancing access to diversified global capital pools necessary for funding the nation’s infrastructure expansion.
Engagement with Regional Investors
The visit featured one-on-one meetings with prospective Japanese and Taiwanese regional investors who maintain regional offices in Singapore. This strategic engagement is part of IRFC’s ongoing plan to broaden its lender base, mobilize long-term funds under favorable terms, and strategically diversify its currency exposure.
Highlighting IRFC’s Financial Strength
During the interactions, the IRFC team emphasized its strong sovereign linkages, NIL NPA status, low operating costs, and consistent track record in financing India’s railway infrastructure expansion competitively. Investors showed keen interest in IRFC’s recent diversification initiatives, including exposures beyond the Ministry of Railways, such as high-quality PSUs and infrastructure projects.
Strategic Expansion and Future Funding
IRFC highlighted its plan to expand its customer base by funding projects like dedicated freight corridors, Metro Rails, and Ports, while maintaining strong linkages with the Ministry of Railways (MoR). The roadshow was supported by Mandated Lead Arrangers (MLAs), including Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG). The successful completion is expected to secure cost-effective, diversified funding lines for IRFC’s future growth requirements.
Source: BSE
