New Delhi: Indian Railway Finance Corporation Limited (IRFC), a Government of India Navratna CPSE under the administrative control of the Ministry of Railways, has been rated “Excellent” by the Department of Public Enterprises (DPE) for the financial year 2024–25, marking the fifth consecutive year of achieving the highest performance rating since its listing in FY 2020–21.
This sustained recognition reflects IRFC’s ability to withstand emerging challenges, maintain institutional strength, and deliver consistently high performance, while evolving its business model in line with its expanded mandate. The rating reaffirms IRFC’s strong governance framework, operational efficiency, and financial discipline.
During the year, IRFC continued to strengthen and diversify its lending portfolio in a calibrated manner, aligned with its mandate, following a whole-of-Government approach. The company has successfully brought efficiencies in railway-linked infrastructure financing, while extending timely and cost-effective funding support to the railway ecosystem and strategically linked sectors, thereby remaining true to its
core mandate.
CMD’s Statement Commenting on the achievement, the Chairman & Managing Director, IRFC, Manoj Kumar Dubey said:
“The ‘Excellent’ rating for the fifth consecutive year since listing is a strong endorsement of IRFC’s institutional robustness, strategic clarity, and execution capabilities. Even as IRFC has transitioned into its IRFC 2.0 phase, the organisation has demonstrated its ability to brace challenges and deliver superior performance. Under IRFC 2.0, we are working relentlessly and with prudence, focusing on selective deployment of capital in high-quality assets that are aligned with our mandate and risk framework. I am pleased to note that IRFC has already achieved its annual sanction guidance of ₹60,000 crore for FY 2025–26 by the end of Q3, reflecting strong momentum and disciplined growth. We remain committed to enhancing financing efficiency and supporting the railway ecosystem and related national infrastructure development.”
BI Bureau
