Net profit of Indian Railway Finance Corporation rose 1.98% to Rs 1630.66 crore in the quarter ended December 2024 as against Rs 1598.93 crore during the previous quarter ended December 2023. Sales rose 0.40% to Rs 6763.43 crore in the quarter ended December 2024 as against Rs 6736.60 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales6763.436736.60 0 OPM %99.4299.47 - PBDT1632.001600.26 2 PBT1630.661598.93 2 NP1630.661598.93 2 Powered by Capital Market - Live News

Indian Railway Finance Corp. will hold a meeting of the Board of Directors of the Company on 20 January 2025.Powered by Capital Market - Live News

Indian Railway Finance Corporation and REMCL, a JV of Ministry of Railways & RITES, facilitating power procurement for Indian Railways, have signed a Memorandum of Understanding (MoU) to collaborate on financing Renewable Energy (RE) projects awarded by REMCL for supply to Indian Railways. The partnership also extends to exploring financing options for Thermal, Nuclear, and Renewable power projects established under a Captive model through joint ventures involving Indian Railways and other entities.This MoU sets the foundation for cooperation between IRFC and REMCL to advance Indian Railways` goal of minimizing reliance on fossil fuels and achieving net-zero carbon emissions by 2030. The collaboration aims to harness renewable energy sources for the railway sector. Under the MOU, REMCL will provide its expertise in procuring economical conventional/Renewable power for Railways including conducting of Bidding process for setting up Renewable Energy (RE) Projects in the power sector, while IRFC will offer its financial acumen, including project appraisal and fundraising capabilities.Powered by Capital Market - Live News

Indian Railway Finance Corporation announced that Vallabhbhai Maneklal Patel, Non -Official Director (Independent Director) and Sheela Pandit, Non -Official Director (Independent Director) ceased to be Independent Directors of the Company with effect from 9 November 2024 on completion of their tenure. Powered by Capital Market - Live News

Indian Railway Finance Corp. announced that the Board of Directors of the Company at its meeting held on 4 November 2024, inter alia, have recommended the interim dividend of Rs 0.8 per equity Share (i.e. 8%) , subject to the approval of the shareholders.Powered by Capital Market - Live News