Google trend - IRFC

IRFC - 10 things to know with detail

• Indian Railway Finance Corporation (IRFC) is a government-owned financial institution that was set up in 1986 as the dedicated financing arm of the Indian Railways.
• IRFC primarily focuses on raising financial resources for the Indian Railways through various financial instruments such as bonds, loans, and lease financing.
• The primary objective of IRFC is to meet the financial needs of the Indian Railways for its expansion and modernization projects, as well as for the acquisition of rolling stock like locomotives, coaches, and wagons.
• IRFC is classified as a Public Financial Institution (PFI) under the Companies Act, 2013, and is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India.
• The Ministry of Railways is the sole shareholder of IRFC, and the company operates under the administrative control of the Ministry.
• IRFC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), and its shares are actively traded in the secondary market.
• The company has a strong credit rating from major credit rating agencies, which allows it to raise funds at competitive rates in the domestic and international markets.
• IRFC has a diversified funding base, which includes retail investors, institutional investors, and international financial institutions.
• The company plays a crucial role in funding the capital expenditure requirements of the Indian Railways, which is one of the largest rail networks in the world.
• IRFC has been instrumental in supporting the growth and development of the Indian Railways by providing timely and cost-effective financing solutions for its infrastructure projects.