The Indian Railway Finance Company (IRFC) has been granted Navratna standing by the Authorities of India, marking a big achievement for the monetary establishment underneath the Ministry of Railways.
As of March 31, 2024, IRFC has emerged because the third-largest authorities Non-Banking Monetary Firm (NBFC) in India, with a income exceeding ₹26,600 crore and a revenue after tax of over ₹6,400 crore.
The shares of Indian Railway Finance Company (IRFC) have been buying and selling at ₹116.98 up by ₹2.39 or 2.09 per cent on the NSE in the present day at 1.25 pm.
Established in 1986 as a 100 per cent government-owned entity, IRFC has been essential in financing Indian Railways’ infrastructure growth. The corporate has funded almost 80 per cent of railway rolling inventory and was the primary Central Public Sector Enterprise (CPSE) to difficulty a 30-year tenor bond in abroad markets.
As of December 31, 2024, IRFC boasts a market capitalization of over ₹2,00,000 crore, belongings underneath administration of ₹4.61 lakh crore, and a web value of round ₹52,000 crore. The corporate is now strategically increasing past railway asset financing into sectors like energy era, mining, gas, warehousing, telecom, and hospitality.
Manoj Kumar Dubey, CMD & CEO of IRFC, highlighted the corporate’s dedication to supporting India’s infrastructure progress, significantly because the nation goals to change into a $10 trillion financial system within the Amrit Kaal interval.
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