IRCTC, IRFC get ‘navratna’ status. What does it mean for the two railway PSUs?
2 weeks, 6 days ago

IRCTC, IRFC get ‘navratna’ status. What does it mean for the two railway PSUs?

Live Mint  

Public sector undertakings Indian Railway Catering and Tourism Corporation and Indian Railway Finance Corporation bagged the ‘Navratna’ status from the Government of India on Monday, March 3. Ashwini Vaishnaw congratulates both firms Union Minister Ashwini Vaishnaw posted on his social media platform X account on Monday, congratulating the teams of the IRCTC and IRFC for contributing to the inclusion in the ‘Navratna’ status. “Congratulations to team IRCTC and team IRFC on being upgraded to Navratna status,” said Ashwini Vaishnaw in his post on platform X. One of the benefits of the ‘Navratna’ status is that the companies will have financial and operational freedom, which will let them invest up to ₹1,000 crore or 15 per cent of their net worth on a single project without asking for prior approval from the Central Government.

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History of this topic

IRFC share price: Navratna, dividend stock dips 48% from record high. Should you buy?
6 days, 8 hours ago

IRFC share price: Navratna, dividend stock dips 48% from record high. Should you buy?

Live Mint  

IRFC share price: Indian Railway Finance Corporation Ltd shares have dropped 48% from record high. IRFC share price has been in focus today after the company's Board of Directors reviewed and authorized the payment of a second interim dividend of ₹0.80 per share for shares with a face value of ₹10 each, for the financial year 2024-25. IRFC share price …

IRFC share price: Navratna PSU to declare second interim dividend today
6 days, 17 hours ago

IRFC share price: Navratna PSU to declare second interim dividend today

Live Mint  

IRFC share price will be in focus on Monday as the state-run company’s board of directors will consider dividend today. The board of directors of Indian Railway Finance Corporation will meet today, March 17, to consider a second interim dividend for the financial year 2024-2025. this is to inform that meeting of the Board of Directors of the Company is …

IRFC share price: Navratna PSU stock dips 20% in YTD. Should you buy before dividend record date?
1 week, 1 day 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, 2 days 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, …

Disinvestment: The government must take a clear stance on PSE stake sales
2 weeks, 3 days ago

Disinvestment: The government must take a clear stance on PSE stake sales

Live Mint  

In recent years, the government’s policy on disinvestment has been cloudy. Its move to grant Indian Railway Catering and Tourism Corporation and Indian Railway Finance Corporation ‘Navratna’ status should bring back attention to this aspect of India’s policy. Navratna status is awarded on the basis of such criteria as the company’s earnings per share, inter-sectoral performance and key measures like …

IRFC, IRCTC shares gain after upgradation to Navratna CPSE - Check details
2 weeks, 5 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 …

These two railway PSUs get Navratna status, Ashwini Vaishnaw complements - Details
2 weeks, 6 days ago

These two railway PSUs get Navratna status, Ashwini Vaishnaw complements - Details

India TV News  

These two railway PSUs get Navratna status, Ashwini Vaishnaw complements - Details Railway Minister Ashwini Vaishnaw has congratulated the teams of both the PSU on this development. Indian Railway Catering and Tourism Corporation is a Ministry of Railways CPSE with an annual turnover of Rs 4,270.18 crore, PAT of Rs 1,111.26 crore and a net worth of Rs 3,229.97 crore …

IRCTC and IRFC get 'Navratna' status. Here's what it means
2 weeks, 6 days ago

IRCTC and IRFC get 'Navratna' status. Here's what it means

India Today  

The government on Monday awarded 'Navratna' status to two railway public sector companies, Indian Railway Catering and Tourism Corporation and Indian Railway Finance Corporation. The new status gives these companies greater financial independence, allowing them to invest up to Rs 1,000 crore without needing approval from the government. Navratna companies can: Invest up to Rs 1,000 crore or 15% of …

IREDA shares up 12% after 'Navratna' status, stock up 5x from IPO price
10 months, 3 weeks ago

IREDA shares up 12% after 'Navratna' status, stock up 5x from IPO price

Hindustan Times  

IREDA share price today: The share price of Indian Renewable Energy Development Agency rose over 10% today after the PSU company was granted ‘Navratna status' from the department of public enterprises. IREDA share price today: IREDA share price opened at ₹ 186.20 apiece on the BSE on April 29. IREDA Q4 results IREDA reported a 33% rise in net profit …

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 …

IRCON International and RITES soar up to 7.2% after receiving ’Navratna’ status
1 year, 5 months ago

IRCON International and RITES soar up to 7.2% after receiving ’Navratna’ status

Live Mint  

Shares of IRCON International, a PSU firm, jumped 7.2% to ₹143.75 apiece in early Friday trade after the company in an exchange filing on Thursday said it was awarded 'Navratna' status by the Department of Public Enterprises. This makes IRCON the 15th Navratna company among the Central Public Sector Enterprises, as per the company's exchange filing. Furthermore, the Department of …

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 …

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 …

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