IIFCL Plans to Raise $1 Billion for Infrastructure Development through MIGA Fund
IIFCL to raise up to $1 billion through MIGA guarantee fund this quarter to foster infra sector: MD
The Economic TimesImage: The Economic Times
India Infrastructure Finance Company Ltd (IIFCL) aims to raise up to $1 billion through the Multilateral Investment Guarantee Agency (MIGA) fund this quarter to support infrastructure projects. This initiative will ease the financial burden on the public exchequer and enhance foreign investment in India's infrastructure sector.
- 01IIFCL plans to mobilize up to $1 billion through MIGA guarantees.
- 02The funds will be used for long-term infrastructure projects across India.
- 03IIFCL's capital adequacy ratio stands at 21% with a net NPA of 0.3%.
- 04The company reported a 39% increase in net profit for the fiscal year ending March 2025.
- 05IIFCL is negotiating with 3-4 top global banks for funding.
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India Infrastructure Finance Company Ltd (IIFCL) is set to mobilize up to $1 billion through the Multilateral Investment Guarantee Agency (MIGA) during the first quarter of the fiscal year. This funding aims to bolster infrastructure development across India while reducing the financial burden on the public exchequer. IIFCL's Managing Director, Rohit Rishi, stated that the company is in advanced negotiations with 3-4 leading global banks to secure long-term commercial debt without a sovereign guarantee. IIFCL has previously demonstrated its fundraising capabilities, having raised $500 million in the international market, which was oversubscribed five times. The company reported a capital adequacy ratio of 21% and a net non-performing asset (NPA) ratio of 0.3% as of December 2025. For the fiscal year ending March 2025, IIFCL achieved a 39% increase in net profit, reaching ₹2,165 crore (approximately $260 million USD). This growth reflects IIFCL's ongoing commitment to financing viable infrastructure projects in India.
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The mobilization of funds will enhance infrastructure development, potentially leading to job creation and improved public services in India.
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