With a revenue of over Rs. 26,600 crore (US$ 306.1 million), Indian Railway Finance Corporation (IRFC) becomes India's third-largest government Non-Banking Financial Company (NBFC)

The Indian Railway Finance Corporation (IRFC) has become India's third-largest government Non-Banking Financial Company (NBFC), with a revenue of Rs. 26,600 crore (US$ 306.1 million) and a profit of Rs. 6,400 crore (US$ 73.6 million) as of March 2024. The Government of India has awarded Navratna status to IRFC, recognizing its strong financial performance. The company has played a key role in financing nearly 80% of Indian Railways’ rolling stock and was the first Central Public Sector Enterprise (CPSE) to issue a 30-year tenor bond in overseas markets. As of December 2024, IRFC had a market capitalization of Rs. 2,00,000 crore (US$ 2.3 billion), assets under management (AUM) of Rs. 4,61,000 crore (US$ 5.3 billion), and a net worth of Rs. 52,000 crore (US$ 598.6 million). 

Beyond railway financing, IRFC is expanding into power generation, mining, fuel, telecom, and warehousing. It has secured funding for 20 BOBR rakes for NTPC worth Rs. 700 crore (US$ 8.1 million) and was the lowest bidder to finance a Rs. 3,190 crore (US$ 36.7 million) loan for Patratu Vidyut Utpadan Nigam Limited (PVUNL), a subsidiary of NTPC. Additionally, NTPC Renewable Energy Limited (NTPC REL) has accepted IRFC’s bid for a Rs. 7,500 crore (US$ 86.3 million) Rupee Term Loan (RTL). IRFC is also exploring funding opportunities for metro rail projects, port rail connectivity, and Public-Private Partnership (PPP) railway projects. With India's push towards becoming a US$ 10 trillion economy under Amrit Kaal, IRFC is set to play a crucial role in mobilizing resources for infrastructure modernization and growth. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.