Indian Railway Finance Corporation Ltd (IRFC) shares surged 4% on Tuesday after announcing a refinancing deal worth Rs 12,842 crore with Hindustan Urvarak and Rasayan Ltd (HURL). The stock climbed to a high of Rs 93.10 on the BSE, up 4.1% from its previous close of Rs 89.40, though it remained below the Rs 100 mark after more than two years. The refinancing agreement, disclosed in a post-market filing on March 23, involves a rupee term loan to refinance existing long-term debt for HURL. The deal underscores IRFC’s focus on supporting critical infrastructure sectors linked to the railways. Manoj Kumar Dubey, IRFC’s Chairman & Managing Director, highlighted the transaction as part of the organization’s strategy to provide cost-effective, long-term financing to strategically important industries like fertilizers. HURL, a major joint venture, is backed by prominent public sector units including NTPC, Coal India, Indian Oil, FCIL, and HFCL. The refinancing deal is expected to ease financial pressures for HURL while strengthening its operational capacity. Technical analysis of IRFC’s stock reveals it is trading below all key simple moving averages (SMAs), including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day averages. The relative strength index (RSI) stands at 23.5, indicating the stock is in an oversold zone. Analysts may view this as a potential buying opportunity, though long-term investors remain cautious given the stock’s 28% decline in 2025 so far. The deal reflects IRFC’s ongoing efforts to diversify its portfolio and align with government priorities, balancing short-term market reactions with long-term strategic goals.#coal_india #ntpc #manoj_kumar_dubey #indian_railway_finance_corporation_ltd #hindustan_urvarak_and_rasayan_ltd
IRFC shares gain 4% post signing ₹12,842 crore refinancing pact with Hindustan Urvarak and Rasayan Ltd; what you need to know Shares of Indian Railway Finance Corporation Limited (IRFC) rose as much as 4% to ₹93.10 on the NSE on Tuesday, March 24, following the announcement of a major refinancing agreement with Hindustan Urvarak and Rasayan Limited (HURL). The deal involves a ₹12,842 crore rupee term loan to refinance existing long-term debt, marking one of IRFC’s largest refinancing initiatives under its IRFC 2.0 strategic vision. The transaction aligns with a whole-of-government approach to provide cost-effective financing for critical infrastructure sectors linked to railways. Manoj Kumar Dubey, Chairman & Managing Director of IRFC, highlighted the significance of the deal, stating that it supports infrastructure sectors with strong railway linkages. He emphasized that the refinancing with HURL enhances financial efficiency, contributes to agricultural sustainability, and strengthens logistics through rail networks. The agreement is expected to deliver competitive financing terms and an optimized repayment structure tailored to HURL’s operational cash flows, improving debt servicing and freeing up resources for growth. The project’s integration with the railway ecosystem is a key focus. HURL’s facilities are well-connected via rail infrastructure, and fertiliser movement is coordinated with Indian Railways. The company has also established institutional mechanisms for seamless rail freight payments, underscoring its deep ties to the rail transport network. IRFC, established in 1986 as the financing arm of the Ministry of Railways, has expanded its role as a diversified infrastructure financier.#coal_india #ntpc #indian_railway_finance_corporation #hindustan_urvarak_and_rasayan_limited #manoj_kumar_dubey
Stocks to buy: From Coal India to JSW Energy, Axis Direct bets on these 5 stocks as India’s power demand heats up The brokerage firm Axis Direct has maintained Buy ratings on five power sector stocks, including Coal India, JSW Energy, and NTPC, citing strong demand, weather-related risks, and infrastructure expansion as key drivers. The analysis highlights the impact of El Niño conditions, which could intensify through fiscal year 2027, and the role of transmission network growth in supporting the sector. Axis Direct also noted that peak power demand in India is projected to rise significantly, with a forecast of around 270 gigawatts this summer, up from the previous all-time high of 250 gigawatts. The report emphasized that rising temperatures and geopolitical tensions are creating a volatile energy environment, which is boosting demand for thermal power generation. With El Niño potentially leading to hotter summers, cooling demand is expected to surge, while weaker monsoon conditions could reduce hydroelectric output. This combination is likely to increase reliance on thermal power producers and coal suppliers. Transmission capacity additions, including 1,895 ckm and 12,545 MVA of new infrastructure in February 2026, are also seen as a positive factor for the sector. Axis Direct’s analysis pointed to structural demand strength in India’s electricity market, with peak power demand reaching 245 gigawatts in January 2026. While this is slightly lower than the 250 gigawatt peak recorded in May 2024, the firm attributed the moderation to seasonal factors rather than a decline in underlying demand. The brokerage also highlighted a policy signal from the Minister of State for Power, which projected a 270 gigawatt peak for this summer, representing an 8% increase over the previous record.#coal_india #jsw_energy #axis_direct #ntpc #skipper
