M K Dubey appointed as CMD, IRFC

New Delhi: Based on the recommendation of a Search-cum-selection-committee, there has been announced the appointment of Manoj Kumar Dubey (IRAS: 1993) as the new Chairman & Managing Director of Indian Railway Finance Corporation Limited (IRFC); a public sector undertaking having a market capitalization worth INR 2.01 trillion. 

Currently, he is working as Director (Finance), at CONCOR. The CMD post of IRFC has been under an ad-hoc arrangement for over two years with Shelly Verma (Director, Finance, IRFC) as interim CMD.

IRFC, since its inception in 1986, a dedicated funding arm of Indian Railways mobilizes funds from domestic and overseas markets. It has funded the acquisition of 13,349 locomotives, 73,979 passenger coaches and 2,59,661 freight wagons and aims at supporting the expansion and modernisation of Indian Railways. It has been playing a critical role in augmenting the annual plan outlay of Indian Railways by way of mobilizing funds from all across the financial spectrum.