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Indian Railway Finance Corporation (IRFC) announced a major refinancing agreement worth 128.42 billion rupees with Hindustan Fertilizer and Refinery Limited (HURL), sending its stock price up 4.08% to 93.10 rupees. The state-owned financial institution stated that this transaction is one of its largest deals to date, which will provide HURL with competitive terms and, through its connections with the railway ecosystem, support the revival of fertilizer plants and sustainable development in agriculture.