Jun 14, 2021 02:39 PM IST
The company's bonds have been in high demand following the central government's decision to boost spending on infrastructure projects to lead the country’s post-pandemic economic recovery. The finance arm of the Indian Railways plans to raise over Rs 1 lakh crore in fiscal year 2022.
- Feb 25, 2021 12:44 PM IST
- Feb 23, 2021 11:18 AM IST
- Feb 16, 2021 02:58 PM IST
Indian Railway Finance Corporation’s overall asset under management (AUM) was at Rs 2.97 lakh crore and is expected to grow to Rs 3.5 lakh crore in FY22.
- Feb 16, 2021 09:44 AM IST
- Jan 31, 2021 08:32 PM IST
Finance Minister Nirmala Sitharaman had in her budget for 2020-21 set a target of raising Rs 2.1 lakh crore from privatisation, sale of minority stakes in state-owned companies and share buyback by CPSEs.
- Jan 27, 2021 07:03 PM IST
Indian Railways' capex was pegged at Rs 161,042 crore in 2020-21 and this is likely to grow in double-digits in 2021-22
- Jan 20, 2021 06:09 PM IST
Railways is in the process of opening up to the private sector and that will involve around Rs 30,000 crore of rolling stock investment. We can think of financing these private parties, Amitabh Banerjee told Moneycontrol.
- Feb 17, 2020 03:10 PM IST
In the first tranche, bonds worth USD 700 million will be issued at a coupon rate of 3.249 per cent due in 2030 while the second tranche consists of bonds worth USD 300 million at 3.95 coupon rate due in 2050, India INX said in a release.
- Jan 20, 2020 01:45 PM IST
The public issue is of up to 140,70,69,000 equity shares of which up to 93,80,46,000 equity shares are fresh issue, and up to 46,90,23,000 equity shares are offer for sale, according to the draft red herring prospectus (DRHP).
- Apr 17, 2019 03:02 PM IST
The finance ministry earlier this year initiated the process of launching an IPO of Indian Railway Finance Corporation (IRFC) but the company has told the railway ministry that their borrowing cost will go up if it gets listed, the official said. A final call on this would be taken by the Union Cabinet.
- Jun 18, 2018 09:00 PM IST
In the RITES IPO, the government is selling 12 per cent stake or 2.52 crore equity shares, including 12 lakh shares to employees.
- Mar 26, 2018 04:28 PM IST
"The Ministry of Finance has approved the Government guarantee of Rs 5,000 crore in the current financial year for the IRFC bonds to be subscribed by the Life Insurance Corporation (LIC)," an official statement said.
- Mar 28, 2017 08:23 PM IST
Indian Railway Finance Corporation (IRFC) has declared highest ever interim dividend of Rs 340 cr for the 2016-17 fiscal.
- Feb 20, 2017 10:54 AM IST
The government is considering divesting a portion of the paid-up equity share capital through an IPO and has sought Expression of Interest (EoI) from merchant bankers by March 16.
- Feb 14, 2017 08:54 AM IST
The BSE-BOND was launched on July 1 to facilitate online bidding for private placement of debt securities. Since then, 53 companies have raised Rs 1,51,865 crore through it.
- Feb 01, 2017 03:20 PM IST
Government today said it will raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs IRCTC, IRFC and IRCON, and proposed merger and consolidation to create globally competitive public sector units.
- Feb 01, 2017 12:48 PM IST
In his Budget speech today, Finance Minister Arun Jaitley said the government will look at consolidation option for PSUs and a new CPSE Exchange Traded Fund (ETF) in 2017-18.
- Nov 22, 2016 05:56 PM IST
IRFC and NTPC today raised Rs
2,000 crore and Rs 700 crore, respectively, through issuance
of debt securities on BSE's newly launched electronic book
- Feb 25, 2016 05:48 PM IST
Speaking to CNBC-TV18, AK Mittal, Railway Board Chairman says that it will partner with companies like NTPC, SAIL, Coal India to raise Rs 18,000 crore.
- Dec 08, 2015 07:25 PM IST
Indian railway finance corporation raises Rs 10796 crore as against the issue size of Rs 4532 crore.
- Nov 24, 2015 09:02 PM IST
In September, Reserve Bank had allowed non-banking finance companies (NBFCs) and other corporates to issue masala bonds within the broad external commercial borrowing (ECB) framework to deepen capital markets and provide these issuers with a way to raise funds abroad without incurring currency risk.
- Sep 21, 2015 06:11 PM IST
The company will open the public issue of Rs 700 crore tax-free bonds on September 23 for which the government had given approval, NTPC Chairman and Managing Director A K Jha told reporters in a press conference here.
- Aug 20, 2015 03:05 PM IST
The company further said that it targeted raising Rs 300 crore through the bonds but the bids were received for Rs 2,175 crore for placing the bonds on private placement route.
- Jul 08, 2015 08:23 PM IST
Government on Wednesday allowed seven state-owned entities, including NHAI, IRFC and NTPC, to raise Rs 40,000 crore in the current fiscal through tax-free bonds.