HURL Refinances ₹12,842 Crore Loan Through IRFC At Competitive Rates
· Free Press Journal
Hindustan Urvarak & Rasayan Ltd (HURL) has successfully refinanced its existing rupee term loan of ₹12,842 crore through Indian Railway Finance Corporation (IRFC) at highly competitive rates and favourable terms, resulting in significant financial savings and reinforcing its commitment to prudent financial management.
The agreement was formalised at a signing ceremony held on March 23, 2026, at the India International Centre. The event was attended by the Chairman of HURL, the Chairman of its Audit Committee, the Managing Director of HURL, the Chairman and Managing Director of IRFC, along with senior officials from both organisations.
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This development marks the beginning of a strategic partnership between HURL and IRFC, a Navratna public sector undertaking and one of India’s leading non-banking financial companies under the Ministry of Railways.
With this refinancing initiative, HURL aims to strengthen its financial position, improve operational efficiency, and support its long-term growth trajectory.