November 22, 2024 23:35 (IST)
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IRFC and IIFCL sign MoU to solidify cooperation in financing railway infrastructure projects

IRFC and IIFCL sign MoU to solidify cooperation in financing railway infrastructure projects

New Delhi/IBNS: Indian Railway Finance Corporation Ltd. (IRFC), a Schedule ‘A’/Miniratna Public Sector Enterprise (PSE) under the Ministry of Railways, signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Ltd. (IIFCL), a PSE under the Ministry of Finance, to enhance cooperation in financing railway infrastructure projects with forward and backward linkages to the Indian Railways sector.

IIFCL to be converted to DFI to boost infrastructure projects

IIFCL to be converted to DFI to boost infrastructure projects

New Delhi/IBNS: The finance ministry has proposed to increase the scope and financial strength of India Infrastructure Finance Company Limited (IIFCL) to a development finance institution (DFI), for which a Bill will be tabled in the budget session of Parliament, said media reports.