It is also going for 9.5 per cent stake sale.
IFC, a member of the World Bank Group, is helping one of Japan's leading banks, Mizuho Corporate Bank, finance a project that would operate power transmission links between East, North-East and electricity-starved North India.
Industrial ouput, however, was seen falling 0.6 per cent in January
Still, it is not expected to gain much strength and will likely trade around Rs 63.00 to the US dollar by the end of April.
The parlous state of Asia's third largest economy was reflected in the rupee's 18 per cent plunge against the dollar to all time lows since May, when signals emerged that the US Federal Reserve was considering winding down an easy money strategy that had benefitted emerging markets like India.