About IRFCL IPO
IRFCL are the dedicated market borrowing arm of the Indian Railways. Our primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles.
For example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways, Government of India.
IRFCL Support Indian Railway (Irfcl ipo) INDIAN RAILWAY FINANCE CORPORATION LIMITED (IRFCL) are responsible for raising the finance necessary for such activities. Over the last three decades, IRFCL have played a significant role in supporting the capacity enhancement of the Indian Railways by financing a proportion of its annual plan outlay. The Union Budget proposed a capital expenditure of ₹1,602 billion for the Indian Railways for Fiscal 2020, which was higher than the capital expenditure (revised estimate) of ₹1,388.58 billion in Fiscal 2019.
The actual capital expenditure of the Indian Railways was ₹1,334 billion in Fiscal 2019 (Source: Ministry of Railways).
In Fiscal 2019, IRFCL (INDIAN RAILWAY FINANCE CORPORATION LIMITED) financed 525.35 billion accounting for 39.38% of the actual capital expenditure of the Indian Railways.
IRFCL follow a financial leasing model for financing the Rolling Stock Assets. The period of lease with respect to Rolling Stock Assets is typically 30 years comprising a primary period of 15 years followed by a secondary period of 15 years, unless otherwise revised by mutual consent.
In Fiscals 2017, 2018 and 2019 (revised estimate), IRFCL (INDIAN RAILWAY FINANCE CORPORATION LIMITED) responsible for financing 72%, 93% and 82%, respectively, of the Indian Railway’s total rolling stock (Source: Ministry of Railways).
The total value of Rolling Stock Assets financed by us as of March 31, 2019 and as of September 30, 2019 was 1,940,440.00 million and ₹2,102,023.51 million, respectively, while the value of Rolling Stock Assets financed in Fiscal 2019 and in the six months ended September 30, 2019, was ₹240,550.84 million and ₹146,517.25 million,respectively.
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