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IRFC declares Rs340 crore dividend

LiveMint logoLiveMint 27-03-2017 Staff Writer

New Delhi: The Indian Railway Finance Corporation (IRFC), a public sector undertaking of the Indian Railways, on Monday declared a dividend of Rs340 crore for 2016-17. With this contribution, the undertaking’s cumulative dividend payout to Indian Railways reached Rs2,750 crore.

In a press statement, the railways ministry said IRFC is going to play a major role in meeting the funding requirements of the Indian Railways. The national carrier has a big investment plan from 2015-2022 under which it plans to invest Rs8.56 trillion. Of this, IRFC will contribute Rs2.50 trillion.

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