Indian Railway Finance Corporation Ltd., New Delhi HO

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New Delhi: In recent times, the Indian Railways has been able to raise funds at costs lower than the government through its fund-raising arm, the Indian Railway Finance Corporation (IRFC), which enjoys the same credit rating as the government. This is because the IRFC is backed by the revenues of Railways’ […]

IRFC funding infrastructure good for nation; but costly for Railways: ...

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KR is entrusted with construction and operation of Railway line along the west coast from Roha (Maharashtra) to Thokur (Karnataka) Mumbai: In a huge boost for the Konkan Railway Corporation’s expansion plans, the Life Insurance Corporation of India Limited (LIC India) has subscribed to Rs 250 crore worth of KR bonds. […]

LIC India invests Rs.250 Crore in Konkan Railway bonds

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Mumbai: Indian Railways Finance Corporation’s tax-free bonds were oversold, almost four times higher than it had planned. With this, the issuer marked the season’s end although the issue would remain open for subscription till Monday next as the retail portion is not fully subscribed. The company on Thursday received bids for […]

IRFC’s Tax-free Bonds Oversold Four Times higher than planned

[File Pic] The then Financial Commissioner, Ministry of Railways, Smt. Rajalakshmi Ravikumar and the Chairman, LIC, S.K. Roy signed a Memorandum of Understanding (MoU)
between the Ministry of Railways and Life Insurance Corporation (LIC) in the presence of the Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitley and the Union Minister for Railways, Suresh Prabhakar Prabhu in New Delhi on March 11, 2015. The Minister of State for Railways, Manoj Sinha and the Minister of State for Finance, Jayant Sinha are also seen 149
New Delhi: In a significant development, the Ministry of Railways has received funds to the tune of Rs 2,000 Crore as a loan from the Life Insurance Cooperation of India Limited (LIC) as financial assistance for investment in capacity augmentation projects. Railway Minister Suresh Prabhu on Tuesday received the first […]

IR receives Rs.2000 Crore Loan from LIC India to decongest ...

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In a review meeting with the heads of the Central Public Sector Enterprises (CPSEs) under the administrative control of Railways, Prabhu also sought strong presence of all Railway PSUs on the social networking sites for dissemination of information to the public New Delhi: Minister of Railways Suresh Prabhakar Prabhu held […]

Rail Minister asks all PSUs to undertake more Railway projects

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The Indian Railway Finance Corporation (IRFC), the borrower for the national transporter, will play the intermediary for raising a large part of the proposed Rs 1,50,000-crore loan… New Delhi: The Indian Railway Finance Corporation (IRFC), the borrower for the national transporter, will play the intermediary for raising a large part […]

IRFC to facilitate Indian Railways Rs.1,50,000 Crore LIC loan

irfc tax free bonds
New Delhi: Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal, Lok Sabha was told on Monday. IRFC has been authorised by the Railway Ministry to issue tax-free bonds for a total amount of Rs 6,000 crore during the financial year 2015-16 […]

IRFC to issue Rs.6000 Crore Tax-free Bonds: MOS (Rlys.)

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Suresh Prabhu to hold closed door meeting at BSE with Financial Market players today Mumbai: Ministry of Railways are convening a meeting in Mumbai on Friday with representatives of Banking, Financial Services and Insurance (BFSI) to sensitize the finance community of emerging investment opportunities in the Railway Sector. Leading investment bankers, […]

Railway Minister to meet BFSI Heads in Mumbai today

New Delhi: To mop up resources, the Indian Railways is considering the option of divesting stake in some of its PSUs, which will be routed back to build infrastructure. The Railways has set a target to raise ₹8.5 lakh crore over the next five years, of which ₹1 lakh crore […]

Indian Railways to partially offload Stake in some of its ...

Tax-free bonds are set for a comeback in the next few months, with the government giving a nod to state-owned Indian Railway Finance Corporation and National Highways Authority of India to sell these. Since the returns of these bonds will be linked to the yield on government securities (G-secs), they […]

Minimise Re-investment Risk through Tax-Free Bonds: Sector Observers

New Delhi: The Gross Budgetary Support (GBS) for the railways has been pegged at Rs.40,000 crore, an increase of Rs 10,000 crore over the last fiscal. The increased allocation of GBS is 41.6 per cent of the total plan outlay Rs.1,00,011 crores in 2015-16 financial year. During the period, the […]

GBS for Railways pegged up to Rs.40000 Crore – an ...

नयी दिल्ली New Delhi:  The government is planning to offload its stake in certain profit-making infrastructure companies of Indian Railways, a move that will help such companies to get listed on stock exchanges as well as raise funds for exchequer. “We are in talks with the Railway Board for sale […]

Govt looking at stake sale in Rail PSUs: IRCTC, RailTel, ...

नयी दिल्ली New Delhi: At the peak of election season you would not expect Sonia Gandhi’s name to appear in a small advertisement buried in the corner of a business newspaper. But just like an aam aadmi, the Congress party boss’ name figures in an advertisement issued by Indian Railway Finance Corporation […]

Sonia Gandhi loses Tax-free Railway Bonds worth Rs.10 Lakh

Fitch Ratings has assigned Indian Railway Finance Corporation’s (IRFC) USD500m 3.917% senior unsecured notes due 2019 a final rating of ‘BBB-‘. The rating is aligned with IRFC’s Long-Term Issuer Default Rating (IDR) of ‘BBB-‘, which has a stable outlook. The assignment of the final rating follows the receipt of documents […]

RPT-Fitch rates Indian Railway Finance Corporation’s USD Notes Final ‘BBB-‘

New Delhi:  Indian Railways will borrow less at ₹13,800 crore from market through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2014-15. In the current fiscal, as per the revised estimate, these two companies raised ₹14,942 crore from markets. Indian Railways Finance Corporation (IRFC) will […]

Railways to Borrow ₹13,800 Crore in 2014-15 from IRFC and ...

New Delhi: Railway Minister Mallikarjun Kharge received cheques amounting to a total of Rs.505.31 crore as dividend for the year 2012-13 from the seven public sector undertakings functioning under his ministry. In 2011-12, the total dividend paid by these seven PSUs was Rs.405.78 crore. “Despite the slowdown, Railway PSUs have […]

Railway PSUs hand over dividends worth Rs.505 Crore

New Delhi:  Months before the United Progressive Alliance (UPA) government is to table a vote-on-account for interim funding of railway expenses, a high-powered panel formed under the directions of the prime minister’s office (PMO) has suggested borrowing from the market for projects in electrical, signalling and railway construction. According to […]

IRFC keen to raise Rs.10000 Crore through Tax-free Bonds for ...

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New Delhi:  Indian Railway Finance Corporation (IRFC), the financing arm of the ministry of railways, has taken the lead in mobilising overseas debt in line with a government directive aimed at strengthening dollar inflows to wade through the expected tapering of the US government’s bond-buying programme next year. While others […]

IRFC raises $400m via. Overseas Bonds

Today Indian Railways sells more debt to expand its network as the country steps up efforts to improve transport infrastructure that has thwarted steps to counter the worst economic slowdown in a decade. Mumbai: Indian Railways’, India’s largest state-owned public transport system is returning to the international debt market after […]

Indian Railways plans Dollar Bond

New Delhi:  The Indian Railway Finance Corporation (IRFC), a Public Sector Undertaking under Ministry of Railways is likely to be first among very few other PSUs to raise funds overseas, after Finance Minister P. Chidambaram urged PSUs to do so.  Alongwith IRFC, Power Finance Corporation (PFC) is also in the […]

IRFC to be the first PSU to raise Overseas Funds ...

Fitch Ratings has revised the Outlook on Indian Railway Finance Corporation Limited’s (IRFC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Stable from Negative and affirmed its IDRs at ‘BBB-‘. A list of additional rating actions is provided below. KEY RATING DRIVERS The rating action follows Fitch’s revision of […]

RPT-Fitch revises IRFC’s outlook to Stable; Affirms IDRs at BBB

The Export-Import Bank of India has provided a $300-million line of credit to the Ethiopian Government for a railway link to improve regional connectivity and boost economic growth in the East African nation. The credit line would entail concessional funds at an interest rate of 1.75 per cent.  The rail […]

Exim Bank of India extends $300-m credit line to Ethiopia ...