IRFC down 20% from Top

 

  • IRFC down 20% from Top
  • 4,64,641 Crores AUM  
  • 4,12,032.10 Crores Total Borrowings  
  • Profit After Tax for the year ending 31st March 2024 was 6,412.10 crores as compared to 6,167.16 crores for the previous year, registering a growth of 3.97 %.
  • Indian Railways (IR) with its 4th largest network in the world, has been the backbone of the transportation sector in India, carrying millions of passengers and cargo from one part of the country to the other. 
  • Indian Railways is targeting high benchmarks in its aim to provide easy and comfortable mobility for passengers and a fast and eco-friendly freight network.   
  • Indian Railway Finance Corporation (NBFC-NDSI-IFC by RBI) is a schedule-'A' Miniratna CPSE under the administrative control of Ministry of Railways (MoR)  
  • IRFC's charter allows financing of project with forward and backward linkages. 
  • In this regard, company is exploring opportunities for investments in railway infrastructure projects such as Dedicated freight lines, High-speed rail corridors, Multi-modal logistics parks, Non-conventional energy sources for the railway network, etc.

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