IRFC Inks ₹5,000 Crore Loan Deal with NTPC Renewable Energy
Indian Railway Finance Corporation (IRFC) has signed a ₹5,000 crore unsecured Rupee Term Loan agreement with NTPC Renewable Energy Limited (NTPC REL) on March 25, 2025. The loan will support NTPC REL's capital expenditure for ongoing and new renewable energy projects, including potential refinancing of existing loans. This move marks IRFC's significant entry into financing green energy initiatives and diversifies its portfolio beyond the railway sector.
20Mar 25
IRFC Stock Climbs 2.26% as Investors Await Dividend Record Date Announcement
Indian Railway Finance Corporation (IRFC) saw its share price increase by 2.26% on Thursday. The rise is attributed to investor anticipation of the upcoming dividend record date announcement. This positive movement reflects growing investor confidence in IRFC's financial health and its potential to reward shareholders. The company, which serves as the dedicated financing arm for Indian Railways, has garnered increased trading activity and price appreciation due to dividend expectations.
17Mar 25
IRFC Announces Second Interim Dividend Amid Share Price Decline
Indian Railways Finance Corporation (IRFC) has announced a second interim dividend of ₹0.80 per share for FY2024-25, with a record date of March 21, 2025. This continues IRFC's consistent dividend payout history since its 2021 listing. However, IRFC's stock has dropped 48% from its peak, closing at ₹118.75. The company has paid dividends nine times since listing, totaling ₹6.25 per share. A potential government stake sale is being considered to meet Minimum Public Shareholding norms. Despite the share price decline, analysts see potential for a short-term rebound to ₹128 and maintain positive long-term growth prospects.
Indian Railway Finance Corporation (IRFC) will consider its second interim dividend for FY 2024-25 on March 17, 2025, with a record date of March 21, 2025. This announcement comes as IRFC's share price has declined 20% year-to-date. The company is also expanding into higher-margin projects to diversify its portfolio beyond railway financing, aiming to improve profitability and potentially reverse the stock's downward trend.
11Mar 25
IRFC Board to Consider Second Interim Dividend for FY 2024-25
Indian Railway Finance Corporation (IRFC) will hold a board meeting on March 17, 2025, to consider declaring a second interim dividend for FY 2024-25. The record date, subject to board approval, is set for March 21, 2025. IRFC, recently elevated to Navratna status, reported strong financial performance with revenue exceeding ₹26,600 crore and PAT surpassing ₹6,400 crore as of March 31, 2024. The company has advised shareholders about tax implications and necessary actions regarding dividend payments. The trading window for IRFC's equity shares and listed debt securities will be closed from March 11, 2025, until 48 hours after the board meeting.
07Mar 25
IRFC Shares Soar 11% as Company Achieves Coveted Navratna Status
Indian Railway Finance Corporation (IRFC) has seen its share price rise over 11% in four trading sessions, reaching ₹123.75 on NSE. This surge follows the Government of India granting IRFC Navratna status, which provides enhanced operational and financial autonomy. The new status allows for faster decision-making, increased financial powers, and potentially improved market perception. This development is expected to significantly impact IRFC's operations and growth trajectory as it continues to finance Indian Railways' expansion and modernization.
06Mar 25
IRFC Shares Surge 9.2% as Company Achieves Coveted Navratna Status
Indian Railway Finance Corporation (IRFC) has been awarded Navratna status by the Government of India, leading to a 9.2% increase in its share price over three consecutive sessions. IRFC, the third-largest government NBFC in India, boasts impressive financial metrics with revenue of ₹26,600+ crore, profit after tax of ₹6,400+ crore, and a market capitalization exceeding ₹2,00,000 crore. The company is expanding beyond railway asset financing, securing deals in various sectors including renewable energy. IRFC's CMD & CEO, Manoj Kumar Dubey, views this status as a reflection of the company's financial strength and its role in supporting India's infrastructure growth.
04Mar 25
IRFC Shares Surge 3% as Company Achieves Coveted 'Navratna' Status
Indian Railway Finance Corporation (IRFC) has been granted Navratna status by the Government of India, allowing it to invest up to Rs 1,000 crore or 15% of its net worth on a single project without government approval. This upgrade follows IRFC's strong financial performance in FY2024, with a turnover of Rs 26,644 crore and net profit of Rs 6,412 crore. The stock market responded positively, with IRFC's share price increasing by over 3%.
03Mar 25
IRFC Elevated to Navratna Status: A Boost for Railway Financing
Indian Railway Finance Corporation (IRFC) has been upgraded to Navratna Central Public Sector Enterprise status by the government. This elevation grants IRFC greater autonomy and enhanced decision-making powers, potentially improving its operational efficiency and financing capabilities for Indian Railways projects. The new status allows IRFC to explore innovative financing options, make quicker decisions on large-scale projects, and possibly access a wider range of funding sources. This upgrade is expected to significantly impact IRFC's strategic growth and its role in supporting Indian Railways' development.