Indian Railway Finance Corporation

Incorporated in 1986, Indian Railway Finance Corporation Limited (IRFC) is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Government of India. Its primary business is to borrow funds from financial markets to finance the acquisition or creation of assets which are then leased out to the Indian Railways. The company's main objective is to meet the 'Extra Budgetary Resources' (EBR) requirement of the Indian Railways through market borrowings at the most competitive rates and terms.