IRFC Approves Financing for 20 Rakes to NTPC at Rs 700 Crore
These 20 rakes were procured under the general-purpose wagon investment scheme of the Ministry of Railways, as reported in an exchange filing on Tuesday.
IRFC Approves Financing for 20 Rakes to NTPC at Rs 700 Crore
New Delhi: The board of directors of Indian Railway Finance Corporation Ltd., or IRFC, has approved the financing of 20 rakes for NTPC Ltd. at a cost of Rs 700 crore. These 20 rakes were procured under the general-purpose wagon investment scheme of the Ministry of Railways, as reported in an exchange filing on Tuesday.
The company also appointed Ajoy Choudhury as the chief risk officer for two years on the recommendation of the RMC Committee. He is a Cost and Works Accountant with 36 years of experience and was endorsed by the RMC Committee. He has worked in NHPC, Power Grid, and REC and retired as Director (Fin) from REC.
Read Also : HPCL exports first ever HP Lubricants in US MarketAjoy Choudhury is a cost and works accountant with 36 years of experience in areas such as framing risk policies, risk information systems, and risk reporting in operations, among others.
IRFC is the financial arm of Indian Railways to raise funds from both domestic and foreign capital markets and help Indian Railways fulfill its extra budget resources.
Read Also : NBCC Bags Rs 50 Cr Work Order for Odisha Sports ComplexNews Must Read
- BCPL Railway Infra bags Rs. 643.88 million project
- M K Dubey appointed as CMD, IRFC
- GRSE Delivers INS Nirdeshak, Second Survey Vessel to Indian Navy
- RITES & Etihad Rail sign MoU for rail infra works in UAE
- Bank of Baroda announces Iconic Partnership with Sachin Tendulkar as its Global Brand Ambassador
- NTPC Korba shares Landmark achievement: Read About Project
- RVNL, RITES, SAIL fell up to 8% in weak market, BSE PSU index slips 3%
- Union Minister of Coal and Mines Visits Western Coalfields Limited to Review WCL Performance
- BHP, SAIL pacts MOU to accelerate potential pathways to steel decarbonisation
- Airtel Business partners with Fortinet, launches Airtel Secure Internet