
Indian Railway Finance Corporation (IRFC), a Public Sector Enterprise under the Ministry of Railways, has signed a lease agreement with NTPC Limited, a Public Sector Enterprise under the Ministry of Power, to finance 20 BOBR rakes under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways. The agreement, which is part of a broader financing approval by the IRFC board, marks the first phase of this initiative.
Key Highlights:
- Financing Amount: IRFC’s board approved financing up to ₹700 crores for the procurement of 20 BOBR rakes.
- Phase 1 Financing: The lease agreement signed covers 8 BOBR rakes with a financing value of approximately ₹250 crores.
- Purpose: The financing is aimed at facilitating infrastructure development through innovative financial solutions.
The agreement was signed by senior officials from both organizations, including Mr. Sunil Kumar Goel, Group General Manager & CFO of IRFC Ltd., and Mr. Balaji Bhagwatro Narare, Chief General Manager of NTPC, during a formal ceremony on January 15, 2025, in New Delhi.
This partnership underscores IRFC’s commitment to supporting large-scale infrastructure projects and aligns with its vision to provide financial solutions that drive India’s railway and power sector advancements.