IPOs of IRCTC, IRFC may be deferred

According to the government's plan, its borrowing arm, IRFC, was to get listed in November 2017, while IRCTC in January 2018

The listing of two public sector undertakings under the Railways Ministry — Indian Railway Finance Corporation (IRFC) and Indian Railway Catering and Tourism Corporation (IRCTC) — may get delayed, as the government now wants to sort out the financial issues facing the companies. Officials close to the developments said that new railways minister, Piyush Goyal, wanted to resolve these issues in order to get a better valuation before going for listing.
 
While IRCTC is facing issues related to service-charge waiver, IRFC’s concern is related to deferred-tax liabilities. “The railway minister evaluated the financial difficulties of the companies. Following this,