Summary:

The Indian Railway Finance Corporation (IRFC) is currently India's third-largest government NBFC, with revenue of Rs. 26,600 crore (US$ 306.1 million) and a profit of Rs. 6,400 crore (US$ 73.6 million) as of March 2024. Granted Navratna status, IRFC has financed approximately 80% of Indian Railways' rolling stock. As of December 2024, its market capitalization stood at Rs. 2,00,000 crore (US$ 2.3 billion), with assets under management of Rs. 4,61,000 crore (US$ 5.3 billion) and a net worth of Rs. 52,000 crore (US$ 598.6 million).

IRFC is expanding beyond railway financing into power generation, mining, petroleum, telecommunications, and warehousing. It secured funding for 20 BOBR rakes for NTPC worth Rs. 700 crore and won a Rs. 3,190 crore loan bid for PVUNL. NTPC REL has approved IRFC's Rs. 7,500 crore rupee term loan. IRFC is exploring metro, port rail, and PPP projects to support India's US$ 10 trillion economic goal.

Source: IBEF 

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