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Indian Railway Finance Corp. Ltd. ( (IN:IRFC) ) just unveiled an update.
IRFC’s bid to finance a Rupee Term Loan of Rs.7,500 crore has been accepted by NTPC Renewable Energy Limited, a step that underscores IRFC’s expanding role in financing renewable energy projects. This move, subject to further due diligence and board approval, signifies a strategic alignment with India’s growing focus on sustainable energy, potentially enhancing IRFC’s market positioning and stakeholder value in the renewable energy sector.
More about Indian Railway Finance Corp. Ltd.
Indian Railway Finance Corporation Ltd. (IRFC) is a government enterprise primarily engaged in financing the acquisition of rolling stock assets, leasing, and lending to other entities under the Ministry of Railways. It plays a crucial role in the financial ecosystem of Indian Railways, focusing on providing financial resources for the development and expansion of railway infrastructure.
YTD Price Performance: -16.83%
Average Trading Volume: 1,835,215
Current Market Cap: 1630.3B INR
Find detailed analytics on IRFC stock on TipRanks’ Stock Analysis page.