 "Train, IRFC, Railways")
Indian Railway Finance Corporation (IRFC), the financing arm of the Indian Railways, is aiming to diversify its funding beyond Railways. At present, the Railways has 99 per cent share of the funds raised by the corporation.
As IRFC expects to get listed by the close of this financial year or the first quarter of 2018-19, it is looking at a possibility of fund diversification.
“When you go for listing, your shareholders' expectations go up. There is a possibility of diversification. We may go for borrowing to different rail entities. But, we have to evaluate the risks and returns. The first
