IRFC signed a Rupee Term Loan agreement with HURL to refinance existing long-term debt up to Rs 12,842 crore.
HURL is a PSU joint venture of NTPC, Coal India, Indian Oil, FCIL, and HFCL operating urea plants at Gorakhpur, Sindri, and Barauni.
The deal marks one of IRFC's largest refinancing transactions under its IRFC 2.0 diversified infrastructure financing strategy.
IRFC maintains a zero-NPA portfolio and is expanding its mandate beyond railways into fertilizers, power, mining, and logistics.