IRFC Falls 2.55% After Declaring ₹1.05 Interim Dividend, Approving ₹70,000 Crore Borrowing Plan

Mumbai, March 13: Share price of Indian Railway Finance Corporation Ltd declined 2.55% to ₹97.37 after the company announced a second interim dividend of ₹1.05 per equity share for FY26 and approved a borrowing programme of up to ₹70,000 crore for FY27.

The decisions were taken at the Board meeting held on March 9, 2026, according to the company’s regulatory filing.

Board Declares Second Interim Dividend For FY26

The Board approved a second interim dividend of ₹1.05 per equity share of face value ₹10 for the financial year 2025–26.

The company had earlier fixed March 13, 2026, as the record date to determine shareholders eligible for the dividend. The payout will be made within 30 days from the date of declaration to eligible shareholders whose names appear in the records of the depositories or the register of members.

IRFC also noted that dividend payments will be made only through electronic modes, in line with regulatory requirements.

Board Approves ₹70,000 Crore Borrowing Programme For FY27

Separately, the Board approved raising up to ₹70,000 crore during FY2026–27 to meet funding requirements.

The borrowing plan may include domestic and offshore instruments such as bonds, Global Medium-Term Notes, foreign currency bonds, masala bonds, ESG bonds and other debt instruments. Funds may also be raised through bank loans, multilateral funding agencies or government-backed structures.

Such borrowings typically support IRFC’s primary role of financing assets and projects for Indian Railways and refinancing existing liabilities.

Share Price Movement On March 13

As of 1:47 pm IST on March 13, 2026, shares of IRFC were trading at ₹97.37, down ₹2.55 from the previous close of ₹99.92, according to NSE data.

The stock opened at ₹98.70 and moved between a high of ₹99.68 and a low of ₹97.23 during the session so far. The company’s market capitalisation stood at about ₹1.27 lakh crore.

The stock’s 52-week high and low were ₹148.95 and ₹95.27, respectively.

Company Background

IRFC is the dedicated financing arm of Indian Railways, primarily responsible for raising funds from domestic and international markets to finance rolling stock, railway infrastructure and related projects.

The company operates under the administrative control of the Ministry of Railways and remains one of the key funding vehicles for railway capital expenditure.

Conclusion

With the declaration of a ₹1.05 interim dividend and approval of a ₹70,000 crore borrowing programme for FY27, IRFC continues to balance shareholder payouts with large-scale funding requirements tied to railway infrastructure expansion.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2fd2e7d-1fe6-4c9f-aee8-9e69efbaa1fd.pdf