IRFC raises Rs 2,981 crore via bond issue

The Indian Railway Finance Corporation (IRFC) has raised ₹2,981 crore by selling special bonds called zero-coupon bonds.

These bonds are for ten years and have a lower interest rate than usual, which shows that many investors are interested.

The money from these bonds will be used to build and improve railway projects in India.

This includes things like the first bullet train and new cargo terminals.

The strong response from investors shows that people believe in IRFC's ability to manage money well and that building better railway infrastructure is important.