The Indian Railways Station Development Corporation (IRSDC) is all set to start work on the first phase of its ambitious station redevelopment project soon, reports Business Standard. The company is likely to raise Rs 40 billion from the market to redevelop 50 stations across India,
The finance ministry has extended sovereign guarantee of Rs5,000 crore to Indian Railways Finance Corp.’s (IRFC) bonds to be sold to Life Insurance Corp. of India (LIC).
The Centre may list Hindustan Aeronautics (HAL), RITES and Indian Railway Finance Corporation (IRFC) to raise about Rs 5,200 crore this fiscal, even as disinvestment via the initial public offering route has touched a record high this year.
The revived plan of Coal India (CIL) to buy railway wagons to transport fuel is likely to see the transporter pay the miner lease rental for the rolling stock, similar to the arrangement the Indian Railways has with its arm Indian Railway Finance Corporation (IRFC).
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.