IRFC Navratna status: IRFC 2.0 to expand funding framework of railway ecosystem

During the announcement of the Navratna status, CMD & CEO Manoj Kumar Dubey stated that IRFC 2.0 has arrived. IRFC can now finance a range of railway-related projects, thanks to this new designation.

He highlighted the government’s vision that “everything on rail is Railways” and noted that IRFC 2.0 now has the authority to broaden its funding framework for any project that has a direct connection to the Railways.

Discussing future plans following the Navratna status, Dubey expressed that IRFC 2.0 has greater flexibility to finance both greenfield and brownfield projects, whether they involve ports or airports, which would enhance and support the business prospects of the railway ecosystem.

When it comes to bidding for railway-linked projects, IRFC 2.0 holds a significant advantage over its competitors. As a company with zero Non-Performing Assets (NPA), IRFC maintains very low operating expenses, allowing it better access to cost-effective loans. This zero NPA status positions IRFC as one of the safest options among its peers, including PFC and REC.

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Manoj Kumar Dubey, CMD and CEO, highlighted recent projects worth thousands of crores that IRFC successfully signed with NTPC, NTPC Green Energy Limited, and Patratu Vidyut Utpadan Nigam Ltd (a division of NTPC).

CMD Manoj Kumar Dubey included a few facts about the IRFC's aspects when speaking with reporters. He said that to date, IRFC has funded over five lakh crore rupees to Indian Railways; however, the Railways haven't taken any loan from it for the past two years.

Expressing his concerns towards stakeholders, he said that nearly 86 percent of the company is owned by the Ministry of Railways and nearly 13 percent by all diverse shareholders, including domestic and overseas. It may be underlined that on March 03, 2025, the government approved the elevation of IRFC as the 26th Navratna Central Public Sector Enterprise, including IRTC as the 25th one.

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The CEO and CMD of the Indian Railway Finance Corporation (IRFC), Shri Manoj Kumar Dubey (IRAS), called a press conference after the announcement of IRFC's Navratna Status to discuss the organization's future goals.

In a press meet held in New Delhi, the Board of Directors, under the chairmanship of Manoj Kumar Dubey (CMD & CEO), unveiled the “Navratna status.” Members of the Board of Directors who addressed the meeting included Abhishek Kumar (Nominee Director), Baldeo Purushartha (Nominee Director), Shelly Verma (Director Finance), and Pranav Kumar Mallick (CVO, IRFC). 

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