Indian Railway Finance Corporation Ltd. (IRFC) shares rose by 4% to ₹140.50 during early trade today, gaining ₹4.95 from its previous close of ₹135.55. The stock traded in a narrow range of ₹140.50 to ₹140.50 throughout the session. IRFC’s market capitalization now stands at ₹1.84 trillion, with a P/E ratio of 28.23 and a dividend yield of 1.07%.
The surge follows IRFC’s announcement of emerging as the lowest bidder (L1) for financing ₹3,167 crore towards the development of the Banhardih Coal Block project in Jharkhand. Managed by Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture between NTPC Limited (74%) and Jharkhand Bijli Vitran Nigam Limited (26%), the project is aimed at securing captive coal for power generation.
The coal extracted will be transported to the PVUNL site via Indian Railways, ensuring a robust and integrated supply chain. The financial proposal remains subject to due diligence, Board approvals, and finalization of terms with PVUNL.
Indian Railway Finance Corp Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Tue, Jan 14 2025
|
₹130.00
|
₹135.55
|
|
|
Mon, Jan 13 2025
|
₹134.00
|
₹128.44
|
-5.36%
|
|
Fri, Jan 10 2025
|
₹139.71
|
₹135.71
|
-3.38%
|
|
Thu, Jan 9 2025
|
₹144.00
|
₹140.46
|
-2.30%
|
|
Wed, Jan 8 2025
|
₹146.20
|
₹143.77
|
-1.53%
|
|
Tue, Jan 7 2025
|
₹146.20
|
₹146.00
|
|
|
Mon, Jan 6 2025
|
₹153.89
|
₹145.42
|
-5.39%
|
|
Fri, Jan 3 2025
|
₹153.40
|
₹153.70
|
|
