Diversified Financial Services
Company Overview of Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited operates as a financing arm of the Ministry of Railways in India. The company engages in the leasing and financing activities. Indian Railway Finance Corporation Limited was incorporated in 1986 and is based in New Delhi, India.
UG - Floor
NBCC Place, Bhisham Pitamah Marg
Pragati Vihar, Lodhi Road
New Delhi, 110003
Founded in 1986
Key Executives for Indian Railway Finance Corporation Limited
Managing Director, Director, Member of Audit Committee, Member of Stakeholders Relationship Committee, Member of Bond Committee, Member of Investment Commmittee and Member of CSR Committee
Director of Finance, Director, Member of Investment Commmittee, Member of Bond Committee, Member of CSR Committee and Member of Stakeholders Relationship Committee
Compliance Officer and Deputy General Manager of Finance & Accounts
Financial Commissioner - Railways
Compensation as of Fiscal Year 2014.
Indian Railway Finance Corporation Limited Key Developments
Indian Railway Finance Corporation Limited Announces Unaudited Standalone Earnings Results for the Half Year Ended September 30, 2014
Dec 10 14
Indian Railway Finance Corporation Limited announced unaudited standalone earnings results for the half year ended September 30, 2014. For the period, the company reported interest earned of INR 34,651.1 million against INR 29,733.4 million a year ago. Total income was INR 34,660.3 million against INR 29,756.7 million a year ago. Operating profit before provisions and contingencies was INR 9,463.0 million against INR 7,859.9 million a year ago. Profit from ordinary activities before tax was INR 9,463.0 million against INR 7,859.9 million a year ago. Net profit for the period was INR 4,217.3 million or INR 117.67 per basic and diluted share against INR 3,527.9 million or INR 119.51 per basic and diluted share a year ago. Return on assets was 0.48% against 0.46% a year ago.
Indian Railway Finance Corporation Limited, Board Meeting, Nov 12, 2014
Dec 10 14
Indian Railway Finance Corporation Limited, Board Meeting, Nov 12, 2014. Agenda: To review the unaudited standalone earnings results for the half year ended September 30, 2014.
Government Reportedly Plans To Sell Stakes In Firms Managed By Indian Railways
Jul 22 14
Indian government is planning to sell stake in Steel Authority of India Limited (BSE:500113), NHPC Ltd. (BSE:533098), Oil and Natural Gas Corp. Ltd. (BSE:500312), Power Finance Corporation Limited (BSE:532810), and Rural Electrification Corporation Limited (BSE:532955). The government also plans to divest its stake in certain infrastructure companies of Indian Railways. A source told PTI, “We are in talks with the Railway Board for sale of government equity in certain public sector units (‘PSUs) managed by Indian Railways.” There are about half a dozen companies which are managed by Indian Railways. These include RITES Ltd., Ircon International Limited, Indian Railway Finance Corporation Limited, Indian Railway Catering and Tourism Corporation Ltd., and RailTel Corporation of India Ltd. Since these firms are not listed it is likely that the initial public offer will be accompanied by government offloading its stake. Indian Railways is facing a cash crunch and is looking at various ways to mobilize resources for undertaking its expansion program. According to the news report, the government has already pitched for reforms in Railways by proposing Foreign Direct Investment and Public Private Partnership to meet the resource crunch. The source stated, “The disinvestment will be a part of the government exercise to engage private players in ancillary services as part of overall agenda.” The Finance Ministry plans to raise around INR 434 billion through disinvestment in PSUs in 2014.
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