INDIAN RAILWAY FINANCE CORPORA Share Price

BSE

Company Profile


Indian Railway Finance Corporation (IRFC) was set up in 1986 as the dedicated financing arm of the Indian railways for mobilizing funds from domestic as well as overseas capital markets. It is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Government of India. It is also registered as a Systemically Important Non–Deposit taking Non-Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with the Reserve Bank of India (RBI). In more than 30 years of existence, it has played a significant role in supporting the expansion of the Indian railways and related entities by financing a significant proportion of its annual plan outlay. The company’s principal business is to borrow funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways.

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