IIFCL Raises ₹1,848 Cr for India's Infra Growth

India Infrastructure Finance Company (IIFCL) announced on Sunday, July 5, 2026, that it has raised ₹1,848 crore by issuing non-convertible debentures (NCDs). This issuance, aimed at funding infrastructure projects, saw an overwhelming investor response with bids reaching ₹3,048 crore, nearly six times the base issue size.

IIFCL decided to retain ₹1,848 crore at a coupon rate of 7.25% per annum for bonds maturing in approximately 5 years. The successful fundraising underscores investor confidence in IIFCL's financial stability and its strategic importance to the government's infrastructure financing initiatives.

Looking ahead, IIFCL has approved an ambitious resource mobilization program of ₹34,200 crore for 2026-27. This plan involves a diversified funding strategy, including domestic bonds, capital market instruments, and external commercial borrowings (ECBs), to meet the growing infrastructure financing needs.

Furthermore, IIFCL is exploring opportunities to raise approximately $1.30 billion in the next 2-3 months through ECBs and other debt instruments. The company also anticipates securing an additional $1 billion through overseas borrowings, subject to regulatory approvals. These funds will support critical infrastructure sectors and contribute to the nation's development goals.