Must Read

Leveraging Navratna status, IRFC set to expand funding activities and consolidate business

By Rakesh Ranjan- 05 Mar 2025
1597

leveraging-navratna-status-irfc-set-to-expand-funding-activities-and-consolidate-business

New Delhi (05.02.2025): While unveiling the Navratna status CMD & CEO Manoj Kumar Dubey said that IRFC 2.0 has arrived. Now, it has leverage of being Navratna to fund anyone from the railway ecosystem. Taking a cue from the govt’s vision that ‘everything on rail is Railways’, he emphasized that IRFC 2.0 has now a mandate to expand its funding framework i.e. any project having back and forth linkage with the Railways.
Unravelling the future plans post Navratna status he expressed that IRFC 2.0 has now wider legroom to finance any such green-field and brown field project, be it port or airport, which would support and augment the business prospects of the rail eco-system. 
When it comes to bidding for railway-linked projects IRFC 2.0 has an edge over others on many counts. Being a zero NPA company IRFC maintains very low expenses thus having better access to cheap loan. A zero NPA status makes it the safest among its peers including PFC and REC. 
CMD & CEO Manoj Kumar Dubey highlighted recent projects that IRFC inked successfully with NTPC, NTPC Green Energy Limited and Patratu Vidyut Utpadan Nigam Ltd (a subsidiary of NTPC) worth thousands of crores. 
While interacting with mediapersons CMD Manoj Kumar Dubey placed a few facts as the facets of IRFC as well. He said that till date IRFC has funded over Rupees five lakh crore to the Indian Railways however, the Railways hasn't taken any loan from it for the past two years. Expressing his concerns towards stakeholders he said that nearly 86 per cent of the company is owned by the Ministry of Railways and nearly 13 per cent by all diverse shareholders including domestic and overseas. 
It may be underlined that on March 03, 2025, the government approved the elevation of IRFC as 26th Navratna Central Public Sector Enterprises including IRTC as 25th one.
Following the announcement of IRFC’s Navratna Status, Shri Manoj Kumar Dubey (IRAS), CEO & CMD of Indian Railway Finance Corporation (IRFC), convened a press meet and highlighted the organisation’s future plans.
In a press meet held in New Delhi Board of Directors under the chairmanship of Manoj Kumar Dubey (CMD & CEO) unveiled the “Navratna status”. Members of the Board of Directors who addressed the meet included; Abhishek Kumar (Nominee Director), Baldeo Purushartha (Nominee Director), Shelly Verma (Director Finance) and Pranav Kumar Mallick (CVO, IRFC). 
(By Rakesh Ranjan)

free stat counter