Indian Railway Finance Corporation (IRFC) has received ‘Navratna Status’ from Government of India. The Navratna's status as a Central Public Sector Enterprise (CPSE) ensures it has greater operational and financial autonomy. The status will now empower IRFC with faster decision-making, increased efficiency, and greater empowerment.
Navratna Status companies have the authority to undertake substantial investments up to Rs 1,000 crore without needing approval from the Central Government.
Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.
