India, March 24 -- The transaction marks one of IRFC's largest refinancing initiatives and aligns with its strategic expansion beyond rail financing under its "IRFC 2.0" vision.

The agreement was signed in New Delhi in the presence of senior officials from both organisations, the company said in a statement.

Manoj Kumar Dubey, chairman & managing director (MD), IRFC, said: "IRFC is actively expanding its footprint by supporting critical infrastructure sectors that have strong linkages with the railways. This refinancing transaction with HURL reflects our whole-of-government approach, where we bring cost-effective, long-term financing solutions to strategically important sectors such as fertilizers. By enabling financial efficiency, we a...