IRFC board approves ₹70,000 crore fundraise for FY27
Indian Railway Finance Corporation approved a ₹70,000 crore fund-raising plan for FY27 to meet financing needs of Indian Railways, refinance borrowings, and support diversification. The PSU reported a 10.5% YoY rise in Q3 net profit to ₹1,802 crore and declared a second interim dividend of ₹0.75 per share. Shares were trading near ₹97.42.
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