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IRFC’s board approves Rs 1500 crore funding for Haryana Orbital Rail Corridor Project

10 Aug 2022 Evaluate

Indian Railway Finance Corporation (IRFC) has received in-principle approval for proposed financing of Rs 1,500 crore for implementation of Haryana Orbital Rail Corridor Project. The board of directors at their meeting held on August 10, 2022 as approved the same.

IRFC was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter's operations.

Peers
Company Name CMP
Power Finance Corpn. 318.00
REC 289.10
NHIT 168.00
Satin Creditcare Net 227.20
IFCI 65.17
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