Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


March 28, 2015 12:43 AM ET

Diversified Financial Services

Company Overview of Indian Railway Finance Corporation Limited

Company Overview

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.

East Tower

UG - Floor

NBCC Place, Bhisham Pitamah Marg

Pragati Vihar, Lodhi Road

New Delhi,  110003

India

Founded in 1986

19 Employees

Phone:

91 11 2436 9766

Fax:

91 11 2436 9770

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
Age: 57
Director of Finance, Director, Member of Investment Commmittee, Member of Bond Committee, Member of CSR Committee and Member of Stakeholders Relationship Committee
Age: 58
Compliance Officer and Deputy General Manager of Finance & Accounts
Financial Commissioner - Railways
Chief Vigilance Officer
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

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

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

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Indian Railway Finance Corporation Limited, please visit www.irfc.nic.in. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.