India, Dec. 25 -- Indian Railway Finance Corporation Limited (IRFC) on Wednesday executed a Rupee Term Loan Agreement of INR9,821 crore with Dedicated Freight Corridor Corporation of India Limited (DFCCIL) for refinancing DFCCIL's existing foreign currency debt availed from the World Bank (IBRD) for the Eastern Dedicated Freight Corridor (EDFC) project for which the amount has been disbursed.
According to IRFC Press release, the agreement was executed in the presence of Chairman & CEO, Railway Board, Satish Kumar, along with senior officials of IRFC and DFCCIL.
This transaction marks a significant milestone in India's infrastructure financing landscape, underscoring the growing depth, maturity and capability of Indian financial institutio...