IRFC Secures Fifth Consecutive 'Excellent' DPE Rating for FY25, Achieves Annual Sanction Target

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.

Achievement:	Details
DPE Rating:	Excellent for FY25
Consecutive Years:	Fifth since listing
Annual Sanction Target:	₹60,000.00 crore
Target Achievement:	Completed by Q3 FY26 end

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.30%	+2.11%	+11.01%	-8.63%	-12.52%	+412.98%

Housing and Urban Development Corporation Limited has achieved an 'Excellent' rating from the Department of Public Enterprises (DPE), Ministry of Finance, for its Memorandum of Understanding (MoU) performance during Financial Year 2024-25. The company secured an impressive score of 97.90 marks out of 100, demonstrating exceptional operational and financial performance.

Performance Achievement Details

The rating was communicated to stock exchanges on January 2, 2026, through an official disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The assessment was conducted based on the MoU signed with the Ministry of Housing and Urban Affairs (MoHUA), Government of India.

Parameter:	Details
Rating Authority:	Department of Public Enterprises (DPE), Ministry of Finance
Performance Period:	Financial Year 2024-25
Rating Achieved:	Excellent
Score Obtained:	97.90 marks out of 100
MoU Partner:	Ministry of Housing and Urban Affairs (MoHUA)

Regulatory Compliance and Communication

The disclosure was signed by Vikas Goyal, Company Secretary and Compliance Officer, ensuring full transparency for stakeholders and investors. The communication was sent to both the National Stock Exchange of India Limited (scrip code: HUDCO) and BSE Limited (scrip code: 540530).

Corporate Profile

Housing and Urban Development Corporation Limited operates as a Navratna Central Public Sector Enterprise under the Government of India with CIN L74899DL1970GOI005276. The company is ISO 9001:2015 certified and maintains its headquarters at Core-7A, HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi - 110003.

This outstanding rating achievement reflects HUDCO's commitment to excellence in both operational efficiency and financial performance, as evaluated under the government's prescribed guidelines for public sector enterprises during FY25.