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.