Railway Minister Piyush Goyal on Saturday said financial wing of Railway’s – Indian Railway Finance Corporation (IRFC) – will soon expand its footprint into newer business lines.
Indian Railways Finance Corporation has issued its inaugural green bond on behalf of Indian Railways — the world’s fourth largest rail network.
Not 165 Bps, Indian Railway Finance Corporation Prices Green Dollar Bonds At 145 Bps Over 10-year US Yield
Indian Railway Finance Corporation (IRFC), the finance arm of Indian Railways, priced its green dollar bonds on Tuesday at 145 basis points (bps) over the 10-year US Treasury yield.
The Indian Railways is looking to raise more than Rs 35,000 crore mainly to obtain safer passenger coaches and increase electric railway locomotives.
The government has decided to disinvest RITES Ltd in 2017-18, after temporarily shelving the listings of Indian Railway Finance Corporation (IRFC) and Indian Railway Catering and Tourism Corporation (IRCTC).
The initial public offerings (IPOs) of three profitable rail PSUs — Indian Railway Finance Corporation (IRFC), Ircon International and Rites — are likely to hit the market in the fourth quarter of 2017-18, officials said.
The listing plans of three railway public sector undertakings, Indian Railway Finance Corporation (IRFC), IRCON, and IRCTC are on track, even as worries still looming over Indian Railway Catering and Tourism Corporation’s (IRCTC) service charge.
With the finance ministry starting the process for listing of Indian Railway Catering and Tourism Corporation (IRCTC), Indian Railway Finance Corporation (IRFC) and Ircon International (Ircon), the loss of service charge for IRCTC has become a cause for concern for railway officials.
In an exclusive chat with ET Now, Suresh Prabhu, Railway Minister speaks about the listing of rail PSUs, funding and privatisation.
Within three weeks of Budget announcement, the Finance Ministry today started the process of listing three rail PSUs — IRCTC, IRFC and IRCON.