

New Delhi: Indian Railway Finance Corporation (IRFC) has conducted an External Commercial Borrowing (ECB) roadshow in Taipei, Taiwan, and Hong Kong to deepen engagement with Asia-Pacific investors and diversify its funding base.
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The two-day roadshow was held in Taipei on March 10 and in Hong Kong on March 11. The IRFC delegation was led by Executive Director (HR) Manish Chandra and included Chief General Manager (Admin) Shwet Ketu Mishra and General Manager (Finance) Nav Goel.
The exercise aimed to expand access to global capital pools to support India’s infrastructure growth and IRFC’s evolving financing strategy. Under its “IRFC 2.0” approach, the company has expanded beyond traditional railway financing and is now funding infrastructure projects that have forward and backward linkages with the railway ecosystem.
During the meetings, the delegation held one-on-one interactions with potential investors in the Asia-Pacific region. The discussions highlighted IRFC’s strong sovereign backing, zero non-performing assets (NPA), low operating costs, and a consistent financial track record.
IRFC also briefed investors on its diversification strategy, which includes financing infrastructure segments such as dedicated freight corridors, metro rail systems, and ports, while continuing its strong association with the Ministry of Railways.
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The roadshow was conducted with the support of mandated lead arrangers Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Trust and Banking Corporation (MUFG), which facilitated structured investor engagements across both markets.
According to IRFC, potential lenders showed strong interest in the company’s diversification plans and expressed confidence in its credit profile and long-term business strategy. The successful completion of the roadshows is expected to strengthen IRFC’s presence in the Asia-Pacific financial markets and support its future ECB fundraising initiatives.
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