rs,
plex, Bandra (E) Mumbai- 400 051 BSE Limited Listing Dept / Dept of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001 Scrip Symbol: IRFC Scrip Code: 543257 Sub: Intimation of Inves
7 billion
tion Limited (the “Issuer” or “IRFC”) Senior Unsecured Fixed Rates Green Notes Documentation US$ 7 billion Global Medium-Term Notes Programme Issuer Ratings Moody’s: Baa3 (Stable) / S&P: BBB- (Stable) / F
INR 13,588.20
Government focus on infrastructure building • GoI has suggested the investment of USD 182.99Bn (INR 13,588.20Bn) for railway infrastructure between FY 2020-25[1] Growth of freight traffic due to industriali
30%
om the central government Union Budget by Ministry of Railways Extra Budgetary Resources-IRFC 30% Extra Budgetary Resources-Others 16% Gross Budgetary Support 50% Internal Resources 4% Extra
rs
16
udget by Ministry of Railways Extra Budgetary Resources-IRFC 30% Extra Budgetary Resources-Others 16% Gross Budgetary Support 50% Internal Resources 4% Extra budgetary resources Borrowing throug
50%
xtra Budgetary Resources-IRFC 30% Extra Budgetary Resources-Others 16% Gross Budgetary Support 50% Internal Resources 4% Extra budgetary resources Borrowing through Finance leasing from IRFC,
4%
s-IRFC 30% Extra Budgetary Resources-Others 16% Gross Budgetary Support 50% Internal Resources 4% Extra budgetary resources Borrowing through Finance leasing from IRFC, JV and PPP mode Indian
67%
an Railway Finance Corporation Limited (IRFC). IRFC’s share of total capex of IR in FY 2020-21 was ~67% 1 2 3 Note: # INR numbers converted to USD @ 74.2551; *Includes Gross Budgetary Support, Intern
86%
FC”) – Structure Government of India (GoI) Rolling Stock Assets 1 Ministry of Railways (MoR) ~86%* Ownership ADMINISTRATIVE CONTROL 3 4 1 2 3 4 2 IRFC - Acquisition of rolling stock asse
33%
1 Russia USA France Germany Japan USD Bn MoR’s increasing dependence on IRFC for financing 33% 14 FY18 39% 18 FY19 48% 20 FY20 49 India 48 China 67% 21 FY21 [1] Source: Nationa
39%
France Germany Japan USD Bn MoR’s increasing dependence on IRFC for financing 33% 14 FY18 39% 18 FY19 48% 20 FY20 49 India 48 China 67% 21 FY21 [1] Source: National Infrastructur
48%
ny Japan USD Bn MoR’s increasing dependence on IRFC for financing 33% 14 FY18 39% 18 FY19 48% 20 FY20 49 India 48 China 67% 21 FY21 [1] Source: National Infrastructure Pipeline , Re