Introduction:
Railway stock has signed a lease agreement to finance 8 BOBR rakes worth ₹250 crores, boosting rail logistics under a ₹700 crore phased financing plan, enhancing infrastructure and operational efficiency for resource movement in the energy sector.
Share Price movement of Indian Railway Finance Corporation:
On January 16, 2025, Indian Railway Finance Corporation Ltd opened at ₹140.00, reaching an intraday high of ₹145.75 and a low of ₹139.20, before settling at the current price of ₹144.24. This marks a 4.86% increase from the previous close, with a market cap of ₹1,88,500.13 Cr.
IRFC Signs Lease Agreement with NTPC:
Indian Railway Finance Corporation (IRFC) signed a lease agreement with NTPC on January 15, 2025, for financing 8 BOBR rakes worth ₹250 crores under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways.
The agreement is part of a board-approved financing plan, sanctioned on October 8, 2024, which includes financing up to ₹700 crores for 20 BOBR rakes. This initiative supports NTPC’s operational requirements while leveraging IRFC’s financial expertise.
This collaboration underscores IRFC’s commitment to supporting critical infrastructure projects. The phased financing approach aims to enhance rail logistics for NTPC, strengthening India’s rail-based transportation and boosting efficiency in resource movement for the energy sector.
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Recent news About Indian Railway Finance Corporation :
On January 13, 2025, Indian Railway Finance Corporation’s shares dropped 3.83%, marking a cumulative decline of 10.38% over the past four days, underperforming its sector during this period.
Stock performance of Indian Railway Finance Corporation for Period of 1 week, 6 months and 1 year:
Indian Railway Finance Corporation’s stock performance over the past week showed a decline of 2.06%. Over six months, the stock dropped significantly by 33.2%, while the one-year performance also declined moderately by 7.74%, reflecting consistent challenges in the market.
Shareholding pattern of Indian Railway Finance Corporation:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 86.36 | 86.36 | 86.36 |
| FII | 1.09 | 1.11 | 1.08 |
| DII | 1.08 | 1.08 | 0.89 |
| Retail & others | 11.48 | 11.45 | 11.68 |
About Indian Railway Finance Corporation:
Indian Railway Finance Corporation, a public sector enterprise under the Ministry of Railways, specializes in financing rolling stock and railway infrastructure. It plays a pivotal role in supporting India’s railway expansion, ensuring efficient resource allocation and infrastructure development nationwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
