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The Economic Times
The Economic Times

IRFC to raise ECB loan worth $2 billion to finance large infra projects

ECB IRFC Indian Railway Finance Corporation Japanese Yen

New Delhi: State-owned Indian Railway Finance Corporation is planning to mobilise USD 2 billion through external commercial borrowing, primarily in Japanese yen, to fund business growth in the current financial year.

The external commercial borrowing (ECB) is part of the Rs 70,000 crore resource mobilisation plan approved by the board of Indian Railway Finance Corporation (IRFC) for the ongoing financial year.

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