IRFC gains on entering into strategic MoU with VOCPA, SMFC
Indian Railway Finance Corporation is currently trading at Rs 116.15, up by 1.05 points or 0.91% from its previous closing of Rs 115.10 on the BSE.
The scrip opened at Rs 115.35 and has touched a high and low of Rs 116.70 and Rs 114.55 respectively. So far 281490 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 148.90 on 09-Jun-2025 and a 52-week low of Rs 108.05 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 124.00 and Rs 111.55 respectively. The current market cap of the company is Rs 151333.30 crore.
The promoters holding in the company stood at 86.36%, while Institutions and Non-Institutions held 2.53% and 11.11% respectively.
Indian Railway Finance Corporation (IRFC) has entered into a strategic Tripartite Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) and Sagarmala Finance Corporation (SMFC) to jointly support financing of large-scale port and multimodal infrastructure projects.
The MoU brings together IRFC’s strong capital market access and long-tenor financing capabilities with SMFC’s maritime sector expertise and VOCPA’s large-scale port expansion programme under the Sagarmala initiative and PM Gati Shakti National Master Plan.
The collaboration underscores IRFC’s evolving role as a key enabler of India’s integrated transport infrastructure ecosystem, supporting sustainable growth, improved logistics efficiency, and long-term economic development. The partnership aims to jointly explore structured financing for the Development of the Outer Harbour Project at V.O. Chidambaranar Port, along with other port-led and multimodal connectivity projects.
Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.
