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Last Updated On: 20-02-2011

Functions And Duties

            Indian Railway Finance Corporation Limited (IRFC)  was incorporated as a public limited company on 12th December,1986 by the Ministry of Railways, as a wholly  Government owned public financial institution for  the purpose of raising resources to  meet the developmental  needs of the Indian Railways. After  obtaining  Certificate of Commencement of Business,   the company started its operations on  23rd December,1986.   The Corporation has been  run efficiently with a work force of 20. The authorised Capital of the Company is Rs. 1000 crore and the  paid up share capital   is Rs. 500 crore.   The Company has been consistently earning profit. 

            IRFC’s registered office is located at  UG Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, Lodhi Road,  New Delhi-110 003.

Indian Railway Finance Corporation Ltd. is a dedicated financing arm of the Ministry of  Railways.  Its  sole objective is to raise money from the debt Capital  markets to part-finance the plan outlay of Indian Railways.  The money so made available is used  predominantly for acquisition of new  rolling stock assets  to be leased to Indian Railways. Till 31st March, 2007, Rolling Stock assets - Locomotives, Coaches and Wagons -  valued at Rs. 39,511.11 crore have been added to the asset base of the Indian Railways with  funding assistance from IRFC. IRFC’s funding has  supported  technology infusion   in the Railways. For instance,  it has enabled Ministry of Railways to purchase  new generation  Locomotives from General Motors (USA) alongwith transfer of technology and new generation Coaches from Germany for use in high speed/Shatabadi trains.