GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Indian Railway Finance Corporation climbed as much as 6.4% on Friday to Rs 138.50 on the BSE after reports that the company secured government approval to raise up to Rs 10,000 crore through deep-discount bonds. The planned issuance is part of a broader shift in the funding strategy of state-run enterprises amid evolving investor appetite and changing infrastructure financing dynamics, according to a Reuters report. The finance arm of Indian Railways received clearance to raise funds via zero-coupon, deep-discount bonds with a 10-year maturity, according to a publicly available government document dated May 14. The issuance, which must be completed by the end of March 2027, will be offered at a discount of Rs 4,916 crore to face value. Deep-discount bonds are typically issued at a significant markdown and do not pay periodic interest. Instead, investors receive the full face value at maturity, providing returns through capital a...

[hfe_template id='11223'] [ad_1] Shares of Indian Railway Finance Corporation (IRFC) surged as much as 3.7% on Tuesday to Rs 115.25 on the BSE after the Government of India granted the company a Navratna status, enhancing its financial and operational autonomy. The Department of Public Enterprises announced on Monday that IRFC and Indian Railway Catering and Tourism Corporation (IRCTC) have been accorded Navratna status, expanding the list of such Central Public Sector Enterprises (CPSEs) to 26. IRCTC shares also gained on Tuesday, rising as much as 0.7% to Rs 680.7 on the BSE. Navratna status empowers CPSEs with enhanced decision-making freedom, enabling them to undertake higher-value investments and strategic expansions without requiring prior government approval. IRFC, which operates under the Ministry of Railways, reported an annual turnover of Rs 26,644 crore and a profit after tax of Rs 6,412 crore for FY 2023-24, with a net worth of Rs 49,178 crore, according to g...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation (IRFC) shares will remain in focus on Thursday, January 16, after the company signed a lease agreement with NTPC for the financing of 8 BOBR (Bogie Open Bottom Rapid) rakes worth approximately Rs 250 crore. "Indian Railway Finance Corporation Ltd (IRFC), a Public Sector Enterprise under the Ministry of Railways, has signed a Lease Agreement dated 15th January 2025 with NTPC, a Public Sector Enterprise under the Ministry of Power," the company said in an exchange filing. This agreement represents the first phase of IRFC's broader plan to fund 20 BOBR rakes under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways. IRFC's board had previously approved financing up to Rs 700 crore for these rakes on a finance lease basis during its meeting on October 8, 2024. Also Read: Q3 results today: RIL, Infosys among 37 companies to announce earnings on Thursday Earlier this week, ...