Indian Railway Finance Corporation Limited has been awarded the 'Excellent' rating by the Department of Public Enterprises (DPE) for FY25, marking its fifth consecutive year of achieving the highest performance rating since its listing in FY 2020-21. The Government of India Navratna CPSE under the Ministry of Railways announced this achievement on January 4, 2026, demonstrating sustained institutional strength and operational excellence.

Performance Recognition and Strategic Growth

The sustained recognition reflects IRFC's ability to withstand emerging challenges while maintaining strong governance framework, operational efficiency, and financial discipline. During FY25, the company continued to strengthen and diversify its lending portfolio in a calibrated manner, aligned with its expanded mandate following a whole-of-Government approach.

IRFC 2.0 Transformation and Business Expansion

Under its IRFC 2.0 phase, the company has demonstrated its ability to brace challenges and deliver superior performance while transitioning its business model. The organization focuses on selective deployment of capital in high-quality assets aligned with its mandate and risk framework. IRFC 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.

Leadership Commentary and Future Outlook

Commenting on the achievement, the Chairman & Managing Director stated that the 'Excellent' rating for the fifth consecutive year since listing represents a strong endorsement of IRFC's institutional robustness, strategic clarity, and execution capabilities. The CMD emphasized that even as IRFC has transitioned into its IRFC 2.0 phase, the organisation has demonstrated its ability to brace challenges and deliver superior performance.

The leadership highlighted that under IRFC 2.0, the company is working relentlessly with prudence, focusing on selective deployment of capital in high-quality assets aligned with their mandate and risk framework. The CMD expressed satisfaction that IRFC has already achieved its annual sanction guidance of ₹60,000.00 crore for FY26 by the end of Q3, reflecting strong momentum and disciplined growth.

Upcoming Corporate Developments

The company has scheduled its Board of Directors meeting for January 19, 2026, to consider and approve Q3FY26 unaudited financial results. The meeting will review comprehensive financial statements and cash flow statements for the quarter and nine months ended December 31, 2025, with trading window restrictions in effect from January 1, 2026, until 48 hours after the board meeting.

IRFC has achieved another milestone by securing an 'Excellent' rating from the Department of Public Enterprises (DPE) for the financial year 2024-25. This marks the fifth consecutive year that the Government of India Navratna CPSE has received the highest performance rating since its listing in FY 2020-21, demonstrating sustained excellence in operational and financial performance.

Performance Recognition and Strategic Achievements

The sustained recognition reflects IRFC's ability to navigate emerging challenges while maintaining institutional strength and delivering consistently high performance. The company has successfully evolved its business model in alignment with its expanded mandate, reinforcing its strong governance framework, operational efficiency, and financial discipline.

Business Diversification and Portfolio Strengthening

During FY25, IRFC continued to strengthen and diversify its lending portfolio through a calibrated approach aligned with its mandate. 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. This approach follows a whole-of-Government strategy, ensuring the company remains true to its core mandate while exploring growth opportunities.

IRFC 2.0 Transition and Future Focus

Under its IRFC 2.0 phase, the organization has demonstrated remarkable ability to address challenges and deliver superior performance. The Chairman & Managing Director emphasized the company's strategic clarity and execution capabilities, noting that IRFC is working with prudence and focusing on selective deployment of capital in high-quality assets aligned with its mandate and risk framework.

The company's mandate encompasses financing of railway projects with forward and backward linkages, including:

• Power generation and transmission
• Coal and mining operations
• Logistics and warehousing
• Metro rail projects
• Ports and allied sectors

Corporate Profile and Market Position

Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC plays a central role in mobilizing resources for the development and modernization of India's railway infrastructure. As a Navratna CPSE under the administrative control of the Ministry of Railways, the company continues to pursue sustainable growth with strong emphasis on financial prudence and institutional efficiency.

The achievement of the annual sanction guidance of ₹60,000.00 crore by the end of Q3 FY26 reflects strong momentum and disciplined growth approach. This early achievement of the full-year target demonstrates the company's robust business pipeline and effective execution capabilities in its expanded operational framework.