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Period | Combined Delivery Volume | NSE+BSE Traded Volume |
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Day Rs | 4869181 Rs | 18355205 Rs |
Week Rs | 5133610 Rs | 18272231 Rs |
Month Rs | 7285834 Rs | 26817991 Rs |
Company | Market Price | Market Cap | 52W Low | 52W High |
---|---|---|---|---|
15935.06 | 26.45 | 91.4 | ||
149593.61 | 351.7 | 580 | ||
135150.22 | 389.2 | 654 | ||
1498.84 | 124.25 | 267.55 | ||
48468 | 96.9 | 353.7 | ||
55453.96 | 95.55 | 310 |
Indian Railway Finance Corporation Ltd
Introduction
Indian Railway Finance Corporation Ltd (IRFC) is a prominent public sector enterprise established to finance the acquisition of assets for the Indian Railways. Incorporated on December 12, 1986, IRFC operates under the administrative control of the Ministry of Railways, Government of India. The company plays a crucial role in mobilising funds from both domestic and international markets to support the growth and development of Indian Railways.
The company is managed by Usha Venugopal, who serves as the Managing Director. The leadership team is responsible for steering the company towards achieving its strategic goals and maintaining its financial health.
IRFC's principal business involves borrowing funds from financial markets to finance the acquisition and creation of assets, which are then leased to Indian Railways. The company primarily focuses on:
IRFC follows a financial leasing model with a typical lease period of 30 years, divided into a primary period of 15 years and a secondary period of another 15 years. During the primary period, the principal amount and the weighted average cost of borrowing are payable. The secondary period involves a nominal rate, subject to revision.
Launched on December 15, 2021, this policy aims to develop additional terminals for handling rail cargo, enhancing IRFC's role in infrastructure development.
IRFC has entered into a Memorandum of Understanding (MoU) with RITES to explore mutual interests in railway projects. This collaboration aims to bolster the financing framework for railway infrastructure projects.
Ownership: As of March 31, 2023, 86.36% of IRFC's equity share capital was held by the President of India through the Ministry of Railways, with the remaining 13.64% held by the public.
Governance: The company adheres to robust governance practices, ensuring transparency and accountability in its operations.
Indian Railway Finance Corporation Ltd plays a vital role in the financial ecosystem of Indian Railways, providing essential funding for asset acquisition and infrastructure development. With a strong financial performance and strategic initiatives, IRFC continues to support the expansion and modernisation of Indian Railways, contributing significantly to the nation's transportation infrastructure.
Indian Railway Finance Corporation Ltd shares are currently priced at 148.41 on NSE and 148.4 on BSE as of 12/19/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
The past 1-year return of Indian Railway Finance Corporation Ltd [IRFC] share was 60.53. The Indian Railway Finance Corporation Ltd [IRFC] share hit a 1-year low of Rs. 87.1 and a 1-year high of Rs. 229.
The market cap of Indian Railway Finance Corporation Ltd is Rs. 193949.7 Cr. as of 12/19/2024 12:00:00 AM.
The PE ratios of Indian Railway Finance Corporation Ltd is 29.8 as of 12/19/2024 12:00:00 AM.
The PB ratios of Indian Railway Finance Corporation Ltd is 3.76 as of 12/19/2024 12:00:00 AM
The Mutual Fund Shareholding was 0.15% at the end of 12/19/2024 12:00:00 AM.
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