Indian Railway Finance Corporation

State-owned Indian Railway Finance Corporation is planning to mobilise USD 2 billion through external commercial borrowing, primarily in Japanese yen, to fund business growth in the current financial year. The external commercial borrowing (ECB) is part of the Rs 70,000 crore resource mobilisation plan approved by the board of Indian Railway Finance Corporation (IRFC) for the ongoing financial year. "We have just signed a loan agreement with the consortium of banks for raising an External Commercial Borrowing loan of JPY equivalent USD 1.1 billion. Given the pipeline of projects, we expect disbursements within the June quarter itself," IRFC Chairman and Managing Director Manoj Kumar Dubey told PTI. The ECB, being raised for JPY equivalent USD 1.1 billion, has been tied up for a 5-year tenor and benchmarked to Overnight TONAR (Tokyo Overnight Average Rate). The proceeds from this facility will be utilised towards financing projects with forward or backward linkage with the railway .

State-owned Indian Railway Finance Corporation (IRFC) has set a target of crossing a milestone of Rs 1 lakh crore loan sanction during the current financial year. To fund its business growth, the public sector undertaking (PSU) of the Ministry of Railways is looking to raise Rs 70,000 crore, including from overseas in FY27. "We are aiming for a loan sanction of Rs 1 lakh crore and disbursement of about Rs 40,000 crore during the ongoing financial year, as the pipeline of high-quality infrastructure projects looks strong," IRFC Chairman and Managing Director Manoj Kumar Dubey told PTI. A steady pipeline and emerging opportunities in sectors such as metro and ports are expected to further accelerate growth in the coming financial year, following its whole-of-government approach, he said. During FY26, lRFC sanctioned projects worth Rs 72,949 crore and disbursed approximately Rs 35,067 crore, exceeding its annual guidance. The company, which last year got Navratna status, witnessed it

DFCCIL and IRFC have signed a refinancing pact for ₹10,000 crore of World Bank dollar loans for the Eastern freight corridor, a move expected to save the government ₹2,700 crore

IRFC shares rose in today's trade after the company posted its strongest-ever quarterly performance for the June quarter of FY26, backed by robust earnings growth and operational improvements.

Deep-discount bonds are typically issued at a discount of over 20per cent-25per cent to their face value and do not pay interest

Shares of Indian Railway Finance Corporation (IRFC) gained 3.1 per cent at Rs 156.80 a piece on the BSE in Friday's intraday trade

Indian Railways' finance arm was in the market to raise Rs 3,000 cr

The coupon rate is the rate of interest that the entity will pay to investors

The Board has also approved the appointment of Ajoy Choudhury as Chief Risk Officer on fixed tenure basis for two years.

FORTUNE'S FAVOURED FEW: Sixty-eight companies blaze a trail, capturing 56% of India's market; PSUs take the lead

The government is planning to sell a part of its holding in state-owned Indian Railway Finance Corp (IRFC) through an offer for sale (OFS) in the current fiscal, an official said on Wednesday. The government currently holds an 86.36 per cent stake in the financing arm of the Indian Railways. The official said that an inter-ministerial group (IMG) comprising senior officers from the Department of Investment and Public Asset Management (DIPAM) and the Railways Ministry has started consultations to decide on the quantum of stake dilution. To make the central public sector enterprise compliant to Sebi's minimum public shareholding (MPS) norm, the government has to dilute 11.36 per cent stake in IRFC. As per MPS norm, a listed entity must have a minimum public float of 25 per cent within five years of listing. "We are assessing investor appetite before deciding on the quantum of dilution," the official told PTI. Shares of IRFC were trading at Rs 50.97 a share, up 0.14 per cent over ..

According to a senior official, Railways' prime borrowing arm, Indian Railway Finance Corporation (IRFC), has zero borrowings for the fiscal under review

Total income of IRCTC grew 97.55% to Rs 831.79 crore from Rs 421.05 crore YoY

Indian Railway Finance Corporation (IRFC) on Thursday reported a 14 per cent increase in its profit at Rs 1,714 crore in the second quarter ended September 30, 2022. The company, which is the dedicated market borrowing arm of the Indian Railways, had earned a profit of Rs 1,501 crore in the same quarter of previous year. The revenue from operations for Q2 FY23 also grew by 23.88 per cent to Rs 5,810 crore as against Rs 4,690 crore reported in the same period of last year, IRFC said in a statement. Net worth stood at Rs 43,549 crore and Assets Under Management (AUM) at Rs 4,39,070 crore as on September 30, 2022, it said. The board of the company also approved an interim dividend of 8 per cent of face value of Rs 10 each, that is Rs 0.80 per share for 2022-23, it said. The cumulative funding to the Indian railway sector by IRFC has crossed Rs 5.05 lakh crore mark by the end of the Q2 FY23.

Banerjee joined IRFC in 2019 after serving as the director of finance at Konkan Railways

The net profit of the Indian Railway Finance Corporation (IRFC) Limited for the financial year 2021-22 stood at Rs 6,089.84 crore, an increase of 37.89 per cent against Rs 4,416.13 crore in the last fiscal, the company said on Friday. The 35th annual general meeting of the IRFC was held under the chairmanship of its Chairman and Managing Director, Amitabh Banerjee, on Friday. Addressing the AGM, Banerjee said, "The IRFC reported a strong financial performance during the year under review, with all-time high revenue and profits. The net profit of the IRFC for FY22 stood at Rs 6,089.84 crore, an increase of 37.89 per cent against Rs 4,416.13 crore in the last fiscal." Banerjee further informed that the total revenue from operations grew by 28.71 per cent year-on-year, amounting to Rs 20,298.27 crore, against Rs 15,770.22 crore in the last fiscal. The company has declared a total dividend of Rs 1,829.59 crore, which works out to 30.04 per cent of the profit after tax (PAT) for FY22, he

Vehicle registrations and railway freight numbers came in lower than before

Revenue from operations for FY22 grew by 28.71 per cent and stood at Rs 20,298.27 crore this fiscal as against Rs 15,770.22 crore a year ago

At current market price, IRFC has market capitalisation of Rs 32,410 crore-almost equal to its book value

Market players said the response was lukewarm when compared to some of the recent issues