Template:Infobox company Indian Railway Finance Corporation (IRFC) is under the ownership of Indian Railways, Ministry of Railways, Government of India.[1] It raises financial resources for expansion and running through capital markets and other borrowings.[2] IRFC is a Miniratna/Schedule "A" Indian public sector undertaking (PSU).[3]
History
IRFC was founded on 12 December 1986.[4] It started borrowing from the market in 1987–88.
The company
IRFC raises money through financial bonds and from banks and financial institutions.[5][6] In 2019 Amitabh Banerjee was appointed as the Managing Director of the company.[7]
The company announced its initial public offering on 18 January 2021[8] and got listed on the National Stock Exchange of India / Bombay Stock Exchange on 29 January 2021.
See also
- Rail Vikas Nigam, involved in building rail infrastructure required by the Indian railways.
References
- ↑ IRFC, HUDCO tax free bonds closing date entended, should you invest?.
- ↑ IRFC, Rural Electrification Corp, IIFC eye Rs 12,000 crore through tax-free bonds.
- ↑ Indian Railway Finance Corporation IPO: Opens tomorrow: Key details an investor should know before subscribing. www.thehansindia.com(17 January 2021). Retrieved 11 September 2021.
- ↑ Select institutions can raise Rs 50,000 cr tax-free bonds. The Hindu Business Line(28 February 2013). Retrieved 7 July 2018.
- ↑ LIC will invest up to Rs 26,000 crore in IRFC. The Economic Times(5 July 2018). Retrieved 6 November 2020.
- ↑ Amitabh Banerjee appointed managing director of IRFC. Tribuneindia News Service. Retrieved 7 September 2021.
- ↑ IRFC IPO: First IPO Of 2021 To Open On January 18: Key Things To Know. NDTV.com(13 January 2021). Retrieved 2 August 2021.
External links
Template:Indian Railways Template:Public Sector Undertakings in India Template:Authority control