InvestorQ : Could you give a business overview of IRFC?
ramya Bhaskaran made post

Could you give a business overview of IRFC?

Sakshi Malhotra answered.
4 months ago
The primary business of IRFC is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles such as locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement, leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways, Government of India (MoR).

IRFC is registered with the Reserve Bank of India as an NBFC and is classified under the category of an ‘Infrastructure Finance Company’ of the Reserve Bank of India Act. And, IRFC IPO will be the first by a non-banking financial company (NBFC) in the public sector. It is worth noting that IRFC will not receive any proceeds from the offer for sale and the same will go to the Government of India, the promoter of the company.