IRFC is a dedicated financing arm of the Ministry of Railways. Its sole objective is to raise money from the market to part finance the plan outlay of Indian Railways. The money so made available is used for acquisition of rolling stock assets and for meeting other developmental needs of the Indian Railways.
IRFC also makes use of innovative financial instruments to diversify the debt portfolio and to minimize the cost. IRFC’s funding has support technology infusion in the Railways and 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/Shatabdi trains.
Objects of the Issue:The funds raised through this Issue will be utilized towards financing the acquisition of rolling stock which will be leased to the MoR in line with present business activities.
»» Issue Open: Feb 25, 2013 - Mar 15, 2013
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: 10,000,000 NCD's of Rs. 1000
»» Issue Size: Rs. 1,000.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE
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