Stock market crash: IRCTC, RVNL to IRFC — Railway stocks correct up to 45% from record highs. Opportunity to buy?
4 months ago

Stock market crash: IRCTC, RVNL to IRFC — Railway stocks correct up to 45% from record highs. Opportunity to buy?

Live Mint  

Many quality stocks have been heavily beaten in the recent stock market crash. Among railway majors, Rail Vikas Nigam Limited or RVNL share price has corrected around 35 per cent from its record high of ₹622 apiece on the NSE. Batting in favour of railway stocks in a current market crash, Mahesh M Ojha, AVP — Research at Hensex Securities, said, "Railway companies have reported decent Q2FY25 numbers, and GoI is expected to fuel its expenditure on the railway infrastructure post-Maharashtra Assembly elections. Regarding railway stocks to buy, Mahesh M Ojha said, "One can look at RVNL and RailTel shares as these companies are expected to benefit from their rail kavach business. On triggers for the railway stocks, Seema Srivastava, Senior Equity Research Analyst at SMC Global Securities, said, “After the 2024 Lok Sabha Elections, the GoI has shown its commitment towards the railway infrastructural development.

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History of this topic

IRFC share price: Navratna PSU stock dips 20% in YTD. Should you buy before dividend record date?
6 days, 20 hours ago

IRFC share price: Navratna PSU stock dips 20% in YTD. Should you buy before dividend record date?

Live Mint  

IRFC share price: Shares of the Navratna company Indian Railway Finance Corporation Limited will be in focus on Monday. IRFC share price outlook Speaking on IRFC's share price outlook, Gaurav Goel, Founder and director at Fynocrat Technologies, said, "IRFC share price is currently trading 49% below its 52-week high, showing some weakness. Gaurav Goel said that IRFC share price is …

Why is IRFC share price skyrocketing? EXPLAINED
2 weeks ago

Why is IRFC share price skyrocketing? EXPLAINED

Live Mint  

IRFC share price: Shares of the railway PSU Indian Railway Finance Corporation have been on an uptrend for the last four straight sessions. According to stock market experts, the IRFC share price rally can be attributed to the Government of India's move to grant the company grand Navratna status. IRFC news Speaking on the reason for IRFC share price rally, …

IRFC looks beyond Indian Railways, weighs opportunity to finance infra projects having linkages with Railways
2 weeks, 2 days ago

IRFC looks beyond Indian Railways, weighs opportunity to finance infra projects having linkages with Railways

Live Mint  

New Delhi: Indian Railway Finance Corporation, a financial institution under the ministry of railways, is looking to fund public and private infrastructure projects to expand its business that has been focused on mobilizing and funding projects of the Indian Railways. IRFC is also exploring opportunities to fund rolling stock requirements for Indian Railways customers, container train operators, renewable energy needs …

IRFC, IRCTC shares gain after upgradation to Navratna CPSE - Check details
2 weeks, 4 days ago

IRFC, IRCTC shares gain after upgradation to Navratna CPSE - Check details

India TV News  

IRFC, IRCTC shares gain after upgradation to Navratna CPSE - Check details With this, all seven listed railway PSUs have achieved the same status now. Last seen, the counter held firmly in green at Rs 113.85 with a gain of 2.43 per cent from the previous close. On the other hand, the shares of IRCTC started the session with a …

IRCTC share price hits 52-week low after Q3 results 2025. Opportunity to buy?
1 month, 1 week ago

IRCTC share price hits 52-week low after Q3 results 2025. Opportunity to buy?

Live Mint  

Indian Railway Catering and Tourism Corporation share price fell over 2% to its 52-week low in early trade on Wednesday following the company's Q3 results. Anshul Jain, Head of Research at Lakshmishree Investment and Securities, noted that IRCTC delivered a strong financial performance in Q3, with net profit surging 13.7% and climbing 10% YoY, driven by steady growth across business …

Railway stocks succumb to selling pressure for 2nd day post Budget; RVNL, IRFC, RailTel, down over 5-7%
1 month, 2 weeks ago

Railway stocks succumb to selling pressure for 2nd day post Budget; RVNL, IRFC, RailTel, down over 5-7%

Live Mint  

Shares of government-owned railway firms, including Rail Vikas Nigam, Indian Railway Finance Corporation, IRCON International, and RailTel Corporation fell by as much as 6% on Monday, February 3, as the downward trend in these stocks persisted following the Union Budget announcement on Saturday. Railway stocks experienced a significant rally following the announcement in the Economic Survey 2025 regarding substantial growth …

Derailed! Why did railway stocks slide up to 7% post FM’s Budget speech?
1 month, 2 weeks ago

Derailed! Why did railway stocks slide up to 7% post FM’s Budget speech?

Live Mint  

Budget 2025: The majority of railway stocks plunged in intra-day trade on Saturday, February 1, after the Finance Minister's Budget speech concluded today. Contrary to expectations, the Union Budget did not unveil any specific announcements for the railway stocks, disappointing investors. While the capital expenditure for the financial year 2025-26 witnessed a near 10% uptick to ₹11.2 lakh crore from …

IRFC, RVNL to IRCTC: Why are Railway stocks rising after Economic Survey 2025?
1 month, 3 weeks ago

IRFC, RVNL to IRCTC: Why are Railway stocks rising after Economic Survey 2025?

Live Mint  

Economic Survey 2025: Shares of Railway stocks RVNL, IRCON, IRCTC, and BEML soared on Friday, January 31, in tandem with the broader markets after the Economic Survey 2025 announced massive expansion for Indian Railways in FY25. Indian Railway Finance Corporation also rose around 3 percent to its day's high of ₹152.50 "Railway stocks have risen since the Economic Survey of …

Explained: Why IRCTC share price jumped up to 5% today
2 months, 1 week ago

Explained: Why IRCTC share price jumped up to 5% today

India Today  

Shares of Indian Railway Catering and Tourism Corporation Ltd surged nearly 5% on Friday after global brokerage firm Macquarie initiated coverage on the stock with a bullish 'Buy' rating and a target price of Rs 900. The stock rose nearly 5% to hit a day’s high of Rs 800.65 on the Bombay Stock Exchange, compared to the previous close of …

IRCTC to IRFC: Should you buy Indian Railway stocks ahead of Budget 2025?
2 months, 3 weeks ago

IRCTC to IRFC: Should you buy Indian Railway stocks ahead of Budget 2025?

Live Mint  

Railway stocks: With the Union Budget 2025 just a month away, investors seem cautious, contemplating whether this is the right time to invest in Indian railway stocks like Indian Railway Catering and Tourism Corporation, Indian Railway Finance Corporation, Rail Vikas Nigam and Railtel Corporation Of India. IRCTC, IRFC, RVNL, Railtel share price trend Several railway stocks have been on a …

IRCTC stock: Why a monopoly business cannot be a ‘Buy’ at any price
2 months, 3 weeks ago

IRCTC stock: Why a monopoly business cannot be a ‘Buy’ at any price

Live Mint  

Indian Railway Catering and Tourism Corp. Ltd’s shares hit a new low for 2024 at ₹777.20 on Monday and are hovering near those levels. The stock’s lacklustre price performance over the past three years is a reminder that companies, even in monopoly businesses like IRCTC in railway ticket booking, do not see a linear rise in profit and market capitalization. …

IRCON v/s RVNL: A contrasting tale of two railway infrastructure stocks
3 months, 1 week ago

IRCON v/s RVNL: A contrasting tale of two railway infrastructure stocks

Live Mint  

Every year, ahead of the budget, investors get excited about the prospects of incremental spending by the railways that would translate into order inflows for railway infrastructure companies. RVNL has higher revenue visibility, with a robust order pipeline that’s enough to cover four years of FY24 revenue. Now, it is not as though the fall in the order book was …

RVNL, Titagarh, Jupiter Wagons: Why railway stocks are rallying today
3 months, 1 week ago

RVNL, Titagarh, Jupiter Wagons: Why railway stocks are rallying today

India Today  

Shares of major railway companies surged on Wednesday, driven by renewed investor enthusiasm following key project approvals by the Union Cabinet. Indian Railway Catering and Tourism Corporation, Rail Vikas Nigam Limited, Titagarh Rail Systems, RailTel Corporation of India, Ircon International, Jupiter Wagons, and Indian Railway Finance Corporation all posted notable gains. Leading the charge, Jupiter Wagons saw its share price …

Railway stocks like RVNL, IRFC, and IRCON are rising today. Here's why
3 months, 3 weeks ago

Railway stocks like RVNL, IRFC, and IRCON are rising today. Here's why

Hindustan Times  

Railway PSU stocks including Rail Vikas Nigam Ltd, RailTel Corporation of India, RITES Ltd, IRCON International Ltd, and Indian Railway Finance Corporation Ltd saw their share prices rising up to 10% on Monday, November 25, 2024. IRCON International Ltd saw a 7.5% share price uptick after Infomerics Valuation and Rating Private Limited, assigned credit ratings of IVR AAA/ Stable / …

Maharashtra Election Result: RVNL, IRFC, LT to SBI — experts recommend these 10 stocks to buy on Monday. Here’s why
3 months, 3 weeks ago

Maharashtra Election Result: RVNL, IRFC, LT to SBI — experts recommend these 10 stocks to buy on Monday. Here’s why

Live Mint  

Maharashtra Election Result: As the BJP-led NDA is all set to form the next government in the State of Maharashtra, stock market experts are busy guessing the possible changes in investors' investment strategy. Maharashtra Election Result: Impact on Indian stock market "After the Lok Sabha Election Results, Indian stock market investors went defensive and started looking at FMCG and pharma …

IRFC, RVNL, IRCTC, IRCON: Why these railway stocks are gaining today
4 months ago

IRFC, RVNL, IRCTC, IRCON: Why these railway stocks are gaining today

India Today  

Shares of railway sector stocks rose sharply on Tuesday, with Indian Railway Finance Corporation jumping over 5%, followed by significant gains in Rail Vikas Nigam Limited, IRCON International, and Indian Railway Catering and Ticketing Services. Shares of RVNL also surged sharply by around 3.5% to Rs 430.45 after receiving a letter of acceptance from South Central Railway worth Rs 294.4 …

RVNL, Ircon International shares tumble up to 7% on weak performance in Q2
4 months, 1 week ago

RVNL, Ircon International shares tumble up to 7% on weak performance in Q2

Live Mint  

Stock Market Today: Shares of Rail Vikas Nigam and Ircon International plunged 7.2 per cent and 6 per cent, respectively, in early morning trade on Friday, November 8 after both state-run railway companies reported weaker-than-expected earnings for the September quarter on Thursday. For the September 2024 quarter, RVNL, a project service provider, posted a 27.24 per cent year-on-year decline in …

IRFC share price dips despite better-than-expected Q2 results 2024. Opportunity to buy?
4 months, 2 weeks ago

IRFC share price dips despite better-than-expected Q2 results 2024. Opportunity to buy?

Live Mint  

IRFC share price: After the announcement of Q2 results 2024 on Monday, Indian Railway Finance Corporation share price witnessed selling pressure in early morning deals on Tuesday. IRFC Q2 results 2024 review Decoding the Q2 results 2024 of IRFC, Seema Srivastava, Senior Equity Research Analyst at SMC Global Securities, said, “IRFC share price has fallen despite delivering quarterly numbers, which …

IRCTC is on right track to spur growth but rich valuation a hurdle
9 months, 2 weeks ago

IRCTC is on right track to spur growth but rich valuation a hurdle

Live Mint  

Investors in the Indian Railway Catering and Tourism Corp. Ltd are grappling with mixed emotions following the company's March quarter results. Exploring new growth avenues Catering was the primary revenue driver in FY24, but IRCTC plans to explore multiple growth avenues in FY25 and beyond. IRCTC is strategically building its Rail Neer bottling capacity, ramping production to 1.45 million bottles …

IRCTC shares surge by 13%, close at 52-week high. Check latest share price
1 year, 3 months ago

IRCTC shares surge by 13%, close at 52-week high. Check latest share price

Hindustan Times  

The shares of Indian Railways Catering and Tourism Corporation surged by nearly 13 per cent to hit a 52-week high of ₹888 on Monday. In November, IRCTC had reported 30.36 per cent rise in net profit at ₹294.67 crore for September quarter. IRCTC's total revenue increased 23.51 per cent to ₹995.31 crore in comparison to ₹805.80 crore in Q2FY23. IRCTC …

IRCTC share price hits 52-week high. Experts see more upside
1 year, 3 months ago

IRCTC share price hits 52-week high. Experts see more upside

Live Mint  

Stock market today: Extending the bull trend for fourth straight session, Indian Railway Catering and Tourism Corporation or IRCTC share price today finally touched a new 52-week high of ₹799.95 apiece on NSE during morning deals. IRCTC share price today opened upside at ₹799.95 per share levels, which turned out its new 52-week high as the stock corrected from its …

IRCTC share price rebounds after retracing from 52-week high. Buy, sell or wait?
1 year, 3 months ago

IRCTC share price rebounds after retracing from 52-week high. Buy, sell or wait?

Live Mint  

IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation opened higher on Monday at ₹750.65 against the closing price of ₹749.55 on Friday. Triggers for IRCTC share price “IRCTC shares present a compelling opportunity for long-term investors, given the company's dominant position in the online ticket booking sector. "While the COVID-19 pandemic posed challenges, IRCTC pivoted its business …

Defence, railway stocks surge after BJP’s state election victory
1 year, 3 months ago

Defence, railway stocks surge after BJP’s state election victory

Live Mint  

Amidst the massive victory of the Bharatiya Janata Party in the state election on Sunday, December 3, defence and railway stocks rallied on Monday's trading session. Railway stocks, Ircon International Ltd, Rail Vikas Nigam Ltd, Indian Railway Catering & Tourism Corporation Ltd, Ircon International Ltd, and BEML Ltd all saw a gain of 0.6% to 2% on Monday's session. The …

IRCON shares hit a record high after strong Q1 results
1 year, 7 months ago

IRCON shares hit a record high after strong Q1 results

Live Mint  

IRCON International share price rallied over 8% to hit a record on Wednesday after the railway PSU reported strong growth in Q1 results. The state-run engineering and construction firm IRCON International posted a net profit of ₹187 crore for the quarter ended June 2023, recording a growth of 29.6% compared to ₹144.6 crore in the corresponding period last year. On …

IRCTC share price: Experts give buy tag after strong Q3 results. Should you buy?
2 years, 1 month ago

IRCTC share price: Experts give buy tag after strong Q3 results. Should you buy?

Live Mint  

Indian Railway Catering and Tourism Corporation or IRCTC share price ended higher on Thursday after strong Q3 results for October to December 2022 quarter. According to stock market experts, IRCTC shares are expected to come out of the base building mode and it may go up to ₹750 apiece levels in medium term. On what IRCTC shares' chart pattern suggests …

IRCTC stock slips 5% per cent as govt offer-for-sale begins
2 years, 3 months ago

IRCTC stock slips 5% per cent as govt offer-for-sale begins

Firstpost  

The government’s offer-for-sale of up to 5 per cent stake in Indian Railway Catering and Tourism Corporation at a floor price of Rs 680 a share opened for institutional investors on Thursday New Delhi: Shares of IRCTC fell more than 5 per cent in morning trade on the BSE on Thursday as the sale of the government’s up to 5 …

What can put IRCTC stock on growth path
2 years, 7 months ago

What can put IRCTC stock on growth path

Live Mint  

State-owned Indian Railway Catering and Tourism Corp. Ltd’s earnings for the June quarter were a mixed bag. How Sapient Wealth’s Amit Bivalkar aced 14% returns How NBFCs are wooing students heading abroad Rich-poor gap shows up in smartphone sales as well “Ticketing volumes will be keenly watched in the near-term as reversal of the 2S sitting class to the unreserved …

IRCTC: Profit Jumps Nearly 3-Folds, Food Makes a Comeback, Time to Invest in IRCTC Stocks?
3 years, 1 month ago

IRCTC: Profit Jumps Nearly 3-Folds, Food Makes a Comeback, Time to Invest in IRCTC Stocks?

News 18  

Indian Railway Catering and Tourism Corporation continued to show meaningful sequential improvement in revenue and profitability led by easing of covid curbs and vaccination. Neha Khanna, director, ValPro, said: “The steep surge in net profit is mainly led by contribution from all the segments and low base of last year.” The company’s board has declared an interim dividend of Rs …

IRCTC: The incredible govt move that burned ₹ 18,000 crore in market cap
3 years, 4 months ago

IRCTC: The incredible govt move that burned ₹ 18,000 crore in market cap

Live Mint  

When the stock market opened today morning, the Indian Railways Catering and Tourism Corp share price fell by 25% to ₹685.35. In 2020-21, when earnings were badly impacted due to the Covid pandemic, IRCTC still made ₹299 crore from convenience fee on railway tickets or around 38.2% of gross revenue from operations, which in turn stood at ₹783 crore. Looking …

IRCTC Share Price Surges 300% this Year; Market Cap Hits Rs 1 lakh crore
3 years, 5 months ago

IRCTC Share Price Surges 300% this Year; Market Cap Hits Rs 1 lakh crore

News 18  

Indian Railway Catering and Tourism Corporation Ltd has become the latest to join the club of ₹1-lakh-crore market capitalisation on Tuesday. At 1142 hours, IRCTC stock was trading at Rs 6,248.00, up 6.31 per cent from its previous close on the BSE. The market cap of IRCTC stood at Rs 1,00,285.60 crore, data available on the BSE showed. The government-owned …

IRCTC Announces Stock Split, Share Prices Reach New High - All You Need To Know
3 years, 7 months ago

IRCTC Announces Stock Split, Share Prices Reach New High - All You Need To Know

ABP News  

IRCTC Stock Split: The board of Indian Railway Catering and Tourism Corporation announced the stock split on Thursday. It was only after this announcement that shares of IRCTC rose more than 5% to a new high of Rs 2,727 on the BSE today. IRCTC said the stock split will help increase liquidity in the capital market, increase the shareholder base …

IRCTC stock split approved; share price hits new 52-week high
3 years, 7 months ago

IRCTC stock split approved; share price hits new 52-week high

India TV News  

IRCTC stock split approved; share price hits new 52-week high IRCTC Share Split Date, IRCTC Share Split Ratio, IRCTC Share Split Price, IRCTC Share Split Date 2021: IRCTC share price touched a new 52-week high on NSE and BSE on account of a stock split. IRCTC Stock Split Date, IRCTC Stock Split Ratio, IRCTC Stock Split Price: IRCTC has approved …

IRFC Q4 net profit rises 126% to ₹1,482.5 crore
3 years, 8 months ago

IRFC Q4 net profit rises 126% to ₹1,482.5 crore

Live Mint  

Indian Railway Finance Corporation on Tuesday reported a Q4 standalone net profit at ₹1,482.5 crore as compared to ₹654.6 crore in the same quarter last year. The company's total expenses for the fourth quarter stood at ₹2,972.4 crore as compared to ₹2,551 crore in the corresponding quarter of the previous fiscal. ''The Company has evaluated the impact of this pandemic …

IRFC logs 15% rise in net profit for October-December
4 years, 1 month ago

IRFC logs 15% rise in net profit for October-December

India TV News  

Indian Railway Finance Corporation Ltd has reported a growth of 15.4 per cent at Rs 1,046.74 crore for the quarter ended December. Its net profit for the April-December period rose by 15.65 per cent to Rs 2,934 crore. The company had reported a net profit of Rs 2,537 crore for the corresponding nine months in the previous fiscal. The total …

IRCTC shares climb 5% in early trade as select passenger train services to resume from 12 May
4 years, 10 months ago

IRCTC shares climb 5% in early trade as select passenger train services to resume from 12 May

Firstpost  

The Indian Railways will gradually resume passenger train services from 12 May and will ask passengers to arrive at the station at least an hour before departure, the national transporter said on Sunday. New Delhi: Shares of Indian Railway Catering And Tourism Corporation jumped 5 percent in early trade on Monday after the Indian Railways said it will gradually resume …

IRCTC shares soar over 9% to Rs 1,326.45 to hit fresh peak in early trade ahead of Union Budget 2020
5 years, 1 month ago

IRCTC shares soar over 9% to Rs 1,326.45 to hit fresh peak in early trade ahead of Union Budget 2020

Firstpost  

In October last year, IRCTC had made a blockbuster stock market debut with its shares zoomed over 101 percent to Rs 680 per share against the issue price of Rs 320. The Indian Railway Catering and Tourism Corporation shares jumped nine percent to hit fresh peak in eary trade on Saturday ahead of the presentation of the Union Budget 2020. …

IRCTC IPO: 10 interesting facts that make the initial public offering of IRCTC a talking point
5 years, 5 months ago

IRCTC IPO: 10 interesting facts that make the initial public offering of IRCTC a talking point

India TV News  

IRCTC IPO: The Indian Railway Catering and Tourism Corporation made a blockbuster entry on its debut listing on BSE and NSE. Indiatvnews.com brings to you 10 interesting things to know about IRCTC IPO 10 things you need to know about IRCTC's initial public offering : The IRCTC IPO was a huge hit among investors, as it got subscribed 111.91 times …

IRCTC IPO: After raising Rs 645 cr in IPO, IRCTC set to make stock market debut today
5 years, 5 months ago

IRCTC IPO: After raising Rs 645 cr in IPO, IRCTC set to make stock market debut today

India TV News  

The initial public offering of Indian Railway Catering and Tourism Corporation, which recently concluded Rs 645-crore as it got subscribed 111.91 times on the final day of bidding, will make its stock market debut today. IRCTC IPO was subscribed 112 times at a price band of Rs 315-320 per share. Department of Investment and Public Asset Management, in a tweet, …

IRCTC makes stock market debut, shares double on market listing
5 years, 5 months ago

IRCTC makes stock market debut, shares double on market listing

India Today  

Shares of Indian Railways Catering and Tourism Corporation made its debut on the Bombay Stock Exchange and National Stock Exchange on Monday. Before markets opened on Monday, IRCTC shares settled at Rs 644 on the Bse while it touched Rs 626 on the NSE. In the grey market, IRCRC shares are being quoted a premium of Rs 240 per share, …

IRCTC to launch IPO today, price band between ₹315-320 per share
5 years, 5 months ago

IRCTC to launch IPO today, price band between ₹315-320 per share

Hindustan Times  

State-run Indian Railway Catering and Tourism Corporation Limited will launch its initial public offering on Monday with a price band of ₹315-320 per share. The price band of ₹640 crore IRCTC IPO has been fixed at ₹315-320 per share but retail investors and eligible employees would be offered a discount of ₹10 per share. IRCTC is the Indian Railways tourism …

IRCTC IPO opens today, price band fixed at Rs 315-320 a share; all you need to know about the new offer
5 years, 5 months ago

IRCTC IPO opens today, price band fixed at Rs 315-320 a share; all you need to know about the new offer

Firstpost  

The state-run Indian Railway Catering and Tourism Corporation will launch its initial public offering on 30 September. Here are the details of the IPO: Indian Railways’ subsidiary IRCTC has reportedly fixed the price band for its initial share sale offer between Rs 315 and 320 per share, said a media report The issue comprises an offer for sale of 2,01,60,000 …

IRCTC IPO pegged at over Rs 635 crore to hit market on Monday
5 years, 5 months ago

IRCTC IPO pegged at over Rs 635 crore to hit market on Monday

India TV News  

Come Monday, the Indian Railways will hit the country's stock markets with its fourth and largest Initial Public Offer, that of the IRCTC worth over Rs 635 crore. The state-run firm's IPO will open on September 30 with a price band of Rs 315-Rs 320 per share taking the issue size to Rs 635.04 to Rs 645.12 cr. Interestingly, RVNL's …

IRCTC draft RHP likely to be filed with Sebi next month
5 years, 10 months ago

IRCTC draft RHP likely to be filed with Sebi next month

Live Mint  

New Delhi, May 8 The catering unit of Indian Railways IRCTC is likely to file the draft red herring prospectus for its ₹400 crore IPO next month with market regulator Sebi. Last month, the government raised about ₹480 crore by selling 12.12 per cent stake in Rail Vikas Nigam Ltd. Bharat-22 ETF, which was launched in 2017-18, has 16 central …

Govt targets IRCTC, IRFC IPOs by Sept, to raise about ₹1,500 crore
5 years, 11 months ago

Govt targets IRCTC, IRFC IPOs by Sept, to raise about ₹1,500 crore

Live Mint  

New Delhi: The government is targeting to raise about ₹1,500 crore from initial public offerings of two railway companies — IRCTC and IRFC — by September, an official said. The finance ministry earlier this year initiated the process of launching an IPO of Indian Railway Finance Corporation but the company has told the railway ministry that their borrowing cost will …

Govt targets IRCTC, IRFC IPOs by September, to raise about Rs 1,500 crore
5 years, 11 months ago

Govt targets IRCTC, IRFC IPOs by September, to raise about Rs 1,500 crore

India TV News  

The government is targeting to raise about Rs 1,500 crore from initial public offerings of two railway companies -- IRCTC and IRFC -- by September, an official said. While IRCTC IPO could fetch about Rs 500 crore, public offering of IRFC could garner close to Rs 1,000 crore to the government. "The draft red herring prospectus would be soon filed …

Govt targets to raise Rs 1,500 cr by September from initial public offerings of IRCTC, IRFC
5 years, 11 months ago

Govt targets to raise Rs 1,500 cr by September from initial public offerings of IRCTC, IRFC

Firstpost  

New Delhi: The government is targeting to raise about Rs 1,500 crore from initial public offerings of two railway companies – IRCTC and IRFC – by September, an official said. While IRCTC IPO could fetch about Rs 500 crore, public offering of IRFC could garner close to Rs 1,000 crore to the government. “The draft red herring prospectus would be …

Railways to mobilise Rs 17,655 cr from borrowing in 2015-16
10 years ago

Railways to mobilise Rs 17,655 cr from borrowing in 2015-16

Firstpost  

The market borrowing as per the revised estimate by these two companies during the current fiscal was pegged at Rs 12,045 crore from markets, according to the Railway Budget for 2015-16, which was tabled by Railway Minister Suresh Prabhu in Parliament today. New Delhi: Indian Railways will borrow Rs 17,655 crore from markets through its two companies IRFC and Rail …

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