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Indian Railway Finance Corporation

BSE: 543257 | NSE: IRFC | ISIN: INE053F01010 | SECTOR: Rental & Leasing

179.35 6.15 (3.55%)

21 May 2024, 10:10 (IST)
  • Open

    176.70
  • High

    182.00
  • Low

    176.15
  • Prev Close

    173.20
  • P/E

    -
  • Median P/E

    -
  • P/B

    -
  • Median P/B

    -
  • Market Cap

    2,343.84B
  • Volume

    10.60M
  • Vol. (20 day Avg.)

    0
  • PEG

    -
  • Div.Yield

    -
  • Bid

    -
  • Ask

    178.90

Company Description

  • Rental & Leasing
  • BSE

    543257
  • NSE

    IRFC
  • ISIN

    INE053F01010

Indian Railway Finance Corporation Limited is an India-based financing arm of the Indian railways. The Company operates through the Leasing and Finance segment. 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 as finance lease. The Company’s main business is to finance the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to other entities under the Ministry of Railways (MoR). It uses a leasing approach to fund Indian Railways' Rolling stock and project assets. It lends funds to MoR and other Railway Entities in order to fuel their growth plan. It also provides loans to Rail Vikas Nigam Limited (RVNL) and IRCON. It raises funds from various sources, including term loans and bonds from domestic and international market.

Company Officers

  • Uma Ranade

    Executive Chairman of the Board, Managing Director (Additional Charge)
  • Sunil Goel

    Chief Financial Officer
  • Shelly Verma

    Director - Finance
  • Vijay Shirode

    Chief Compliance Officer, Company Secretary
  • Sanjay Lain

    Chief Compliance Officer