Railway Stocks: This railway funding company relies on only 37 employees, works from hotels, net worth more than 41,000 crores

New Delhi. A tremendous boom has been seen in the shares of Indian Railways today. TEXRAIL, RAILTEL, RVNL, RITES and IRCON shares of Railways registered an increase of up to 10 percent today. At the same time, the shares of IRFC are also touching new heights. Interesting information about IRFC is that there are only 37 employees in this company, but its net worth is 41 thousand crores.

Shares of IRFC are likely to close above the IPO price for the first time today. The business model of IRFC is slightly different. This company does funding but its NPA is zero. Talking about some interesting aspects of IRFC, Yatin Mota of CNBC-Awaaz told that IRFC does funding for Indian Railways.

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IRFC gives loan to railways on government guarantee

IRFC does funding for rail infra. It funds companies like RVNL, Railtel, Konkan Rail and Pipavav Rail IRFC etc. IRFC does 45-55 percent funding in rail infra projects. This company gives loan to Railways at very low interest with government guarantee. Its NPA is zero due to government guarantee. At the same time, due to the exemption received from the government, the company does not have to spend anything on tax.

Employees only 37 and net worth 41 thousand crore rupees

In the financial year 2022, the funding of Railways has been more than Rs 5 lakh crore. This company works only from Hotel Ashok located in Delhi. In the 2022 financial year, the net worth of IRFC was 41 thousand crores. At the same time, its funding cost was 6.42 percent. The most interesting thing about this company which has a turnover of so many crores is that only 37 employees work in it.

IRFC’s contribution behind rapid growth in railways

At present, the central government is very serious about the growth of railways. rail this year budget 17 percent has been increased. At the same time, work is being done to run 400 new Vande Bharat trains. There is a plan to build 100 freight terminals under PM Gati Shakti. Apart from this, 34000 crore rupees will be spent on rail security upgradation. Railways also has a plan to add 900 wagons by 2025. IRFC’s contribution will be very important for funding this rapid growth of railways. Because of this, there is a possibility of a good growth in its shares in the future as well.

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Tags: Indian Railways, share market, stock market