India Infrastructure Finance Company (IIFCL) has successfully raised ₹1,848 crore through the issuance of non-convertible debentures (NCDs), the lender announced on Sunday.
The proceeds are earmarked for funding infrastructure projects across the country, reinforcing the company's capacity to support large-scale capital expenditure in the sector.
The issue attracted strong demand from investors, signaling continued confidence in Indian infrastructure debt despite broader market volatility.
IIFCL, a wholly-owned subsidiary of the Life Insurance Corporation of India (LIC), has been actively expanding its balance sheet to meet the growing financing needs of the infrastructure sector, which remains a key pillar of India's economic growth strategy.
This domestic fundraise follows a period of heightened activity in the Indian debt markets, where infrastructure lenders have been tapping both domestic and international sources to bolster their lending books.
The successful closure of the NCD issue at competitive terms reflects the premium placed on high-quality, government-backed infrastructure credit in the current yield environment.