IRFC Ltd ₹397 crore GST show‑cause notice

GST show‑cause notice: IRFC disclosed that the Bihar (Hajipur) GST authorities issued a show‑cause notice of about ₹396.91 crore relating to FY23 (April 2022–March 2023) under Section 73 of the CGST Act. A show‑cause notice asks the company to explain why a demand should not be raised; it is not a final tax liability. IRFC’s response and any provisioning will be closely watched. ₹4,200 crore DVC loan for renewables: IRFC signed a ₹4,200 crore term‑loan agreement with Damodar Valley Corporation (DVC) to fund renewable‑energy projects in Jharkhand and West Bengal, including floating, ground‑mounted and rooftop solar plus battery energy storage. This continues IRFC’s push beyond pure railway‑linked lending into broader infrastructure/green financing.