Mumbai, Aug. 20 -- The Surat MMTH, being developed by SITCO-a joint venture between the Ministry of Railways and the Government of Gujarat-is designed to integrate multiple modes of transport and improve passenger connectivity in the city. IRFC's funding will support construction components, strengthen the project's financial viability, and ensure long-term sustainability.

Indian Railway Finance Corp.'s principal business is to borrow funds from the financial markets to finance. The Government of India held an 86.36% stake in the company as of 30 June 2025.

The company's standalone net profit rose by 10.70% to Rs 1,745.69 crore in Q1 FY26 as against Rs 1,576.83 crore posted in Q1 FY25. Total revenue from operations increased by 2.21% ye...