Indian Railway Finance Corporation Limited CC-Jan26.pdf · 2026-01-20
Sir, I have been tracking IRFC since a couple of quarters on con call. So, what I understand is that our cost of funds is the lowest in the industry, which is approximately sub 5%. And earlier, we used to make margin of 40 bps on railway projects, which is now 100 bps points on, I mean, in the diversification plan 2.0 apart from railways. Earlier, there was no need of credit underwriting or something on those lines because it was, I mean, Indian Railways is sovereign, so there was no risk of default. But considering now we are moving into 60:40 trajectory with around 20-odd new exposures being added of around INR 15,000 crores each in next five years, so I heard that you mentioned all those entities will be linked to GOI backward or forward. But do we have some benchmark that it will be all AAA rated? I think you gave loan to NTPC. So, still risk of NPA remains nil in this IRFC 2.0 approach as well because the competition is pretty healthy, as you mentioned. But the only benefit what we have is the lowest cost of funds. So, can you just throw some light why we have that benefit and what is the cost of funds as of, I mean, the recent weighted average cost of borrowing?
And what is the cost of funds, weighted average cost of funds, as on date?