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Market Borrowing Arm Of Indian Railways Sees Profit Rise By Nearly 16 Per Cent To Rs 2934 crore

Market Borrowing Arm Of Indian Railways Sees Profit Rise By Nearly 16 Per Cent To Rs 2934 crore by Arun Kumar Das - Feb 15, 2021 04:54 AM Train passing by (Flickr) Snapshot The company has been able to raise funds at the most competitive rates and terms both from the domestic and overseas financial markets which has helped to keep its cost of borrowing low. Indian Railway Finance Corporation Limited, the dedicated market borrowing arm of the Indian Railways, has posted profit growth of 15.65 per cent to Rs 2934 crore for the quarter ended 31 December, 2020. The company has reported a net profit of Rs 2,537 crore for the corresponding nine months in the previous year.

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