Deals16 Jan 2025, 02:53 am
IRFC Signs Lease Agreement with NTPC for INR 250 Crores
AI Summary
Indian Railway Finance Corporation (IRFC) has signed a lease agreement with NTPC for financing 8 BOBR rakes amounting to INR 250 crores approximately. This is part of the GPWIS of Indian Railways, which was approved by the IRFC board on 8th October 2024. The agreement was signed by Mr. Sunil Kumar Goel, Group General Manager & CFO, IRFC Ltd., and Mr. Balaji Bhagwatro Narare, Chief General Manager, NTPC, in the presence of senior officials from both organizations on 15th January 2025. This financing highlights IRFC’s continued commitment to provide innovative financing solutions for infrastructure development.
Key Highlights
- IRFC has signed a lease agreement with NTPC for INR 250 crores
- This is part of the GPWIS of Indian Railways, approved by the IRFC board on 8th October 2024
- The agreement was signed by Mr. Sunil Kumar Goel and Mr. Balaji Bhagwatro Narare in the presence of senior officials
- This financing highlights IRFC’s continued commitment to provide innovative financing solutions for infrastructure development