Indian Railway Finance Corporation Limited IRFC
Introduction
Indian Railway Finance Corporation Ltd. (IRFC) is a dedicated financing arm of the Ministry of Railways. Its sole objective is to raise money from the market to part finance the plan outlay of Indian Railways. The company erects money from the market to division finance the plan outlay of Indian Railways. Indian Railway Finance Corp’s (IRFC) first tranche of a 5-year tax-free bond issue containing an interest rate of 6% has reportedly been fully subscribed within two hours of its announcement.
Right to Information
Budget Allocation
Depreciation
Bond Issue Expenses/Expenses on loans
Interest on Bonds and Loans
Administrative & Other Expenses
Salary & Other Exmployee Bvenefits
Bond Sericing Expenses
Interest on Bonds and Loans
Indian Railway Finance Corporation Limited (IRFC) overhead to turn over ratio is only 0.12%. As such no separate budget allocation has been made. Indian Railway Finance Corporation Limited (IRFC) is a very lean organisation.
Functions and Duties
Indian Railway Finance Corporation Limited (IRFC) was contained as a public limited company on 12th December,1986 by the Ministry of Railways, as a wholly Government owned public financial institution for the role of raising resources to meet the developmental demands of the Indian Railways.
Board of Directors
Shri R. Kashyap – Managing Director/IRFC
Shri S.K. Kaushik – Director Finance/IRFC
Prof. R. Narayanaswamy – Prof. IIM, Bangalore & Director/IRFC
Shri P.K. Choudhuri – Vice Chairman & Group CEO, ICRA Ltd and Director/IRFC
Smt. Sowmya Raghavan – Financial Commissioner (Railways) & Chairperson/IRFC
Shri Govind Mohan – Joint Secretary (Infra), Ministry of Finance & Director/IRFC
Address
Indian Railway Finance Corporation Ltd.
(A Government of India Enterprise)
Regd. Office : UG – Floor, East Tower, NBCC Place,
Bhisham Pitamah Marg, Pragati Vihar,
Lodi Road, New Delhi – 110003
Epabx : 24369766-69
Fax : 24369770