May 26, 2017 8:08 PM 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 (MOR) in India. It is primarily involved in the acquisition and leasing of rolling stock assets to MOR. The company was founded in 1986 and is based in New Delhi, India.

NBCC Place

UG - Floor, East Tower

Bhisham Pitamah Marg

Pragati Vihar, Lodhi Road

New Delhi,  110003

India

Founded in 1986

Phone:

91 11 2436 9766

Fax:

91 11 2436 9770

Key Executives for Indian Railway Finance Corporation Limited

Managing Director and Director
Director of Finance and Director
Age: 56
Chief Vigilence Officer and Executive Director of Finance (C)
Joint General Manager of Finance & Accounts
Group General Manager of Term Loans and Company Secretary
Compensation as of Fiscal Year 2016.

Indian Railway Finance Corporation Limited Key Developments

IRFC To Reportedly Go Public

The department of investments and public assets management has reportedly shortlisted investment banks, including IDFC Bank, ICICI Securities and HSBC to manage the initial public offering (IPO) of Indian Railways Finance Corporation Limited (IRFC). IRFC is a unit of the Indian Railways that helps raise financing for various other units of the railways. The department had invited bankers for presentations and bid submission for IPOs of three railway firms-Indian Railway Catering and Tourism Corp. (IRCTC), IRCON International Ltd and IRFC. Reportedly, the IRFC initial share sale could see the government divest a stake worth at least INR 20 billion.

Govt Lists IOC, NTPC, SAIL for INR 725 billion Disinvestment Plan For 2017-18

On April 12, 2017, the cabinet committee on economic affairs cleared the listing of shares in Rail Vikas Nigam Limited (RVNL), IRCON International Limited, Indian Railway Finance Corporation (IRFC) Ltd, Indian Railway Catering and Tourism Corporation (IRCTC) Ltd, RITES Ltd, Bharat Dynamics Limited (BDL), Garden Reach Shipbuilders & Engineers (GRSE) Ltd, Mazagon Dock Shipbuilders Limited (MDSL), North Eastern Electric Power Corporation (NEEPCO) Ltd, MSTC Ltd and Mishra Dhatu Nigam Ltd. The listing of these companies will be through public offer of shares upto 25% of government's shareholding. he advisers have been asked to send their proposals to the finance ministry by May 12, 2017.

Indian Railway Finance Corporation Declares Interim Dividend for the Financial Year 2016-2017

Indian Railway Finance Corporation has declared an interim dividend of INR 3,400 million for the Financial Year 2016-2017. With this the cumulative dividend payout to Indian Railways has reached INR 27,500 million.

Recent Private Companies Transactions

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

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Indian Railway Finance Corporation Limited, please visit www.irfc.nic.in. Company data is provided by S&P Global Market Intelligence. 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.