The Indian Railway Finance Corporation (IRFC) has been granted Navratna status by the Government of India, marking a significant achievement for the financial institution under the Ministry of Railways.
As of March 31, 2024, IRFC has emerged as the third-largest government Non-Banking Financial Company (NBFC) in India, with a revenue exceeding ₹26,600 crore and a profit after tax of over ₹6,400 crore.
The shares of Indian Railway Finance Corporation (IRFC) were trading at ₹116.98 up by ₹2.39 or 2.09 per cent on the NSE today at 1.25 pm.
Established in 1986 as a 100 per cent government-owned entity, IRFC has been crucial in financing Indian Railways’ infrastructure expansion. The company has funded nearly 80 per cent of railway rolling stock and was the first Central Public Sector Enterprise (CPSE) to issue a 30-year tenor bond in overseas markets.
As of December 31, 2024, IRFC boasts a market capitalization of over ₹2,00,000 crore, assets under management of ₹4.61 lakh crore, and a net worth of around ₹52,000 crore. The company is now strategically expanding beyond railway asset financing into sectors like power generation, mining, fuel, warehousing, telecom, and hospitality.
Manoj Kumar Dubey, CMD & CEO of IRFC, highlighted the company’s commitment to supporting India’s infrastructure growth, particularly as the nation aims to become a $10 trillion economy in the Amrit Kaal period.
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