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Shares of Indian Railway Finance Corporation (IRFC), a Navratna PSU, surged on Monday ahead of its board meeting scheduled for today, where it will consider declaring the second interim dividend for FY 2024-25.
As per a regulatory filing on March 10, IRFC stated: "The Board of Directors will meet on Monday, March 17, 2025, to discuss the declaration of the Second Interim Dividend for shareholders."
IRFC Share Price Movement
- Opened at ₹118 (vs. previous close of ₹117.70)
- Peaked at ₹119.70 (+1.69%)
- Trading at ₹118.50 (+0.68%) at last check
- 52-week range: ₹108.05 - ₹229.05
- Market cap: ₹1,54,600 crore
IRFC Dividend Record Date & History
- Record Date: March 21, 2025
- Previous Payouts: ₹0.80 interim dividend, ₹0.70 final dividend
About IRFC (Indian Railway Finance Corporation)
Indian Railway Finance Corporation (IRFC) is a Navratna public sector undertaking (PSU) under the Ministry of Railways, Government of India. Established in 1986, IRFC serves as the dedicated financing arm of Indian Railways. It is responsible for mobilizing funds for railway projects, rolling stock acquisition, and infrastructure development.
IRFC’s Importance in Railway Development:
By raising funds through bonds and market borrowings, IRFC plays a critical role in India’s railway infrastructure growth, supporting the government's vision for a modern and efficient railway network.
Investors await the board's decision on the upcoming payout, with IRFC maintaining its track record of rewarding shareholders.
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