IRFC rises on signing MoU with REMCL

Indian Railway Finance Corporation Ltd. | Finance Term Lending | BFSI | BSE: 543257 | NSE: IRFC

03 Jan 2025 Evaluate

Indian Railway Finance Corporation is currently trading at Rs. 154.70, up by 2.70 points or 1.78% from its previous closing of Rs. 152.00 on the BSE.

The scrip opened at Rs. 153.45 and has touched a high and low of Rs. 156.80 and Rs. 153.40 respectively. So far 387520 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.05 on 15-Jul-2024 and a 52 week low of Rs. 99.55 on 10-Jan-2024.

Last one week high and low of the scrip stood at Rs. 158.00 and Rs. 144.70 respectively. The current market cap of the company is Rs. 202888.56 crore.

The promoters holding in the company stood at 86.36%, while Institutions and Non-Institutions held 2.17% and 11.46% respectively.

Indian Railway Finance Corporation (IRFC) and REMCL, a JV of MOR & 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.

For IRFC, this MoU marks a strategic step toward diversifying its business model while maintaining its critical role in the development of Indian Railways. The partnership aligns with the government's vision of delivering world-class, efficient, and environmentally sustainable transportation solutions for the nation.

Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.

Indian Railway Fin. Share Price

106.05 -0.65 (-0.61%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Power Finance Corp	461.00
REC	359.35
Indian Railway Fin.	106.05
NHIT	160.00
Satin Creditcare	212.55
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