India Infrastructure Finance Company Ltd. (IIFCL), a state-owned enterprise, is set to raise USD 500 million from overseas markets by December to support key infrastructure projects. Earlier this year, the company had already secured over USD 150 million, taking the total fundraising target close to USD 650 million by year-end.
This move is part of IIFCL’s wider borrowing plan for 2025-26, under which it aims to mobilize about Rs 36,000 crore. Out of this, nearly Rs 8,000-9,000 crore will be sourced from overseas investors, while the rest will be raised through domestic channels. The overseas fundraising strategy is also expected to lower the company’s borrowing costs. Discussions are underway with multilateral agencies such as MIGA to improve margins and boost investor confidence.
Over time, IIFCL has significantly reduced its dependence on government-guaranteed debt, shifting towards self-sustained funding. The company’s financials reflect strong growth, with net profit rising 39% to Rs 2,165 crore in FY25, compared to Rs 1,552 crore in FY24. Profit before tax also climbed to Rs 2,776 crore from Rs 2,029 crore in the previous year.
IIFCL recorded its highest-ever sanctions and disbursements during FY25. Its net worth has strengthened, while asset quality improved as gross non-performing assets dropped to 1.11% from 1.61%, highlighting better portfolio management.
