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INID – Indian Railway Finance Corp Ltd

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Recommendation Rating

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 0.47

Low: 0.47

High: 0.47

Total Analysts: 0

Company Profile

Indian Railway Finance Corporation Limited is an India-based financing arm of the Indian Railways. The Company operates through the Leasing and Finance segment. It focuses on leasing, lending and borrowing operations. The Company’s primary business is financial leasing of rolling stock assets, which includes both powered and unpowered vehicles, such as coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds, and other items of rolling stock components. It is engaged in leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways (MoR). It is engaged in funding railway projects and capacity enhancement works. It is mainly targeting projects for the decongestion and expansion of the existing railway network. It is also a lender for other entities in the railway sector, including Konkan Railway Corporation Limited (KRCL), IRCON and Railtel, among others.

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