Vijay Kumar (IRAS:1982), Additional Member (Budget), Railway
Board, took over the additional charge of Managing Director, IRFC w.e.f. July
26. The post fell vacant following the premature departure of S K Pattanayak
(IRAS). The ACC had appointed Pattanayak for a period of five years whereas he repatriated
after mere 17 months long stint.
IRFC has been the dedicated borrowing arm of Indian Railways
which has financed a substantial component of Railways’ capital investment
programme through financial lease mechanism, and recently successfully diversified
into financing construction projects for Indian Railways.
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Vijay Kumar gets additional charge of IRFCL
By IndianMandarins - 2018-08-02 23:38:48
Vijay Kumar (IRAS:1982), Additional Member (Budget), Railway
Board, took over the additional charge of Managing Director, IRFC w.e.f. July
26. The post fell vacant following the premature departure of S K Pattanayak
(IRAS). The ACC had appointed Pattanayak for a period of five years whereas he repatriated
after mere 17 months long stint.
IRFC has been the dedicated borrowing arm of Indian Railways which has financed a substantial component of Railways’ capital investment programme through financial lease mechanism, and recently successfully diversified into financing construction projects for Indian Railways.
