IRFC News
The new Navratna status will give these companies (IRCTC, IRFC) more autonomy in taking financial decisions.
Similarly, IRFC is a Ministry of Railways CPSE with an annual turnover of Rs 26,644 crore, profit after tax of Rs 6,412 crore, and net worth of Rs 49,178 crore for the financial year 2023-24.
Government wants to raise at least Rs 500 crore from the listing of RITES alone.
Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal, Lok Sabha was told Monday.
Indian Railways Finance Corp, the finance arm of Asia`s largest rail network, plans to raise up to USD 1 billion through offshore rupee bonds, making it the first domestic issuer to eye so-called "masala" debt to diversify its source of funds.
Indian Railway Finance Corporation Ltd (IRFC) on Wednesday posted a 19.54 percent rise in its net profit at Rs 421.73 crore for the six-month period ended September 30, 2014.
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