IRFC looking to diversify revenue streams, says CMD Amitabh Banerjee

IRFC is set to expand its wings with its plans of diversification and in line with the govt mandate, it can finance non-railway projects that have got a backward and/or a forward linkage with Railways

Indian Railway Finance Corporation (IRFC) plans to go beyond funding rolling stock, railway projects, and capacity enhancement works. In an interview to Twesh Mishra, IRFC’s Chairman and Managing Director Amitabh Banerjee says the company is keen on diversifying into non-railway projects that have a backward or a forward linkage with the Indian Railways. The dedicated market-borrowing arm of Indian Railways also aims to raise Rs 65,258 crores in the current financial year. Edited excerpts:

Q: How much money does IRFC intend to raise in the current financial year? How much has been raised till now?

A: IRFC plans