What does Indian Railway Finance Corporation do?
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What does Indian Railway Finance Corporation do?
Indian Railway Finance Corporation (IRFC) is under the ownership of Indian Railways, Ministry of Railways, Government of India. It raises financial resources for expansion and running through capital markets and other borrowings.
Who is the owner of Rail Vikas Nigam?
Management – Rail Vikas Nigam
| Name | Designation |
|---|---|
| Pradeep Gaur | Chairman & Managing Director |
| Vinay Singh | Director – Projects |
| Sanjeeb Kumar | Director – Finance & CFO |
| Rajen Habib Khwaja | Independent Director |
Is Rail Vikas Nigam a government Company?
Rail Vikas Nigam Limited was incorporated in New Delhi as a public limited company on 24 January 2003. The Company is a wholly owned government company as a project executing agency working for and on behalf of MoR.
Is IRFC a PSU?
IRFC is the first NBFC in the PSU sector that is going public. The IPO will open on January 18 and close on January 20. The initial public offering comprises of a fresh issue of up to 118.8 crore equity shares (“fresh issue”) and an offer for sale of up to 59.4 crore equity shares by the government.
Which is railway Corporation of India?
Indian Railways (IR) is a government-owned-railway system under the ownership of Ministry of Railways, Government of India that operates India’s national railway system. It manages the third-largest railway network in the world by size, with a route length of 67,956 km (42,226 mi) as of 31 March 2020.
What is the Future of Rail Vikas Nigam?
Rail Vikas Nigam’s revenue growth are expected to be in the teens in the upcoming years, indicating a solid future ahead. Unless expenses grow at the same level, or higher, this top-line growth should lead to robust cash flows, feeding into a higher share value.
Which railway is Nigam?
RVNL came into being on 24 January 2003 as a 100\% owned PSU of the Ministry of Railway. It became fully functional by March 2005….Rail Vikas Nigam.
| Type | Subsidiary of Indian Railways |
|---|---|
| Owner | Indian Railways , Ministry of Railways , Government of India |
| Number of employees | 545 (March 2019) |
Which railway is railway Nigam?
Rail Vikas Nigam Limited is under the ownership of Indian Railways, Ministry of Railways, Government of India involved in building rail infrastructure required by the railways….Rail Vikas Nigam.
| Type | Subsidiary of Indian Railways |
|---|---|
| Industry | Railway infrastructure |
| Founded | 2003 |
| Headquarters | New Delhi , India |
| Area served | India |
How does Irfc make money?
IRFC gets the money from the market on the basis of Government Guarantee and lends it to Indian Railways for expansion, operational activities and any other purposes. IRFC will keep on earning interest from Indian Railways. Thirdly, financing companies like Banks/NBFCs are valued on basis of price to book value.
Is RVNL debt free?
The image below, which you can click on for greater detail, shows that at September 2020 Rail Vikas Nigam had debt of ₹47.5b, up from ₹33.9b in one year. However, it does have ₹13.9b in cash offsetting this, leading to net debt of about ₹33.7b.