India Infrastructure Finance Company on Sunday said it has raised ₹1,848 crore by issuing non-convertible debentures (NCDs) to fund infra projects in the country.
The issue attracted an overwhelming response from investors, attracting bids worth ₹3,048 crore, representing nearly 6 times the base issue size of ₹500 crore, India Infrastructure Finance Company Ltd (IIFCL) said in a statement.
The successful issuance reflects the strong confidence of institutional investors in IIFCL's sound financial position, prudent governance practices and its strategic role as the government's dedicated infrastructure financing institution, it said.
The Board of IIFCL has approved an ambitious resource mobilisation programme of ₹34,200 crore for 2026-27 to support the growing financing requirements of India's infrastructure sector, it said, adding that the programme envisages a diversified funding strategy comprising domestic bonds, capital market instruments and external commercial borrowings (ECBs).
In line with the policy framework of the government and the Reserve Bank of India, IIFCL said it is also evaluating opportunities to raise funds through ECBs.
