• Metro Rail financing: IRFC signed a ₹13,500 crore loan agreement for the Hyderabad Metro under a cost-plus model, which aims to reduce the project's financing costs by over 40% and includes an RBI direct debit guarantee backup.
• ECB borrowing target: The company has secured a $1.1 billion dollar-yen facility and plans to raise at least $2 billion in total through external commercial borrowings this year, accounting for roughly 25% of its borrowing mix.
• Foreign exchange management: Direct foreign currency liabilities on IRFC's balance sheet are hedged, while under cost-plus lending models, hedging decisions and currency fluctuation risks are passed directly to clients.
• Diversification yield outlook: IRFC expects margins from non-railway diversification disbursements of ₹35,000 crore to ₹40,000 crore to be two to three times higher than its traditional 35–40 paise railway margins, delivering yields equivalent to ₹1 lakh crore of standard railway lending.