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Indian Railway Finance Corporation (IRFC) shares will remain in focus on Friday following the signing of a Memorandum of Understanding (MoU) with Railway Energy Management Company Ltd (REMCL), a joint venture between the Ministry of Railways and RITES . The collaboration aims to finance renewable energy projects awarded by REMCL to supply power to Indian Railways. Under the MoU, IRFC will explore financing options for renewable, thermal, and nuclear power projects developed under a captive model through joint ventures involving Indian Railways and other stakeholders.
This MoU sets the foundation for cooperation between IRFC and REMCL to advance Indian Railways' goal of minimising reliance on fossil fuels and achieving net-zero carbon emissions by 2030 . The collaboration aims to harness renewable energy sources for the railway sector. Under the MOU, REMCL will provide its expertise in procuring economical conventional/renewable power for Railways including conducting of bidding process for setting up renewable energy projects in the power sector, while IRFC will offer its financial acumen, including project appraisal and fundraising capabilities.
For IRFC, this MoU marks a strategic step toward diversifying its business model while maintaining its critical role in the development of Indian Railways. The partnership aligns with the government's vision of delivering world-class, efficient, and environmentally sustainable transportation solutions for the nation. Stock Trading Masterclass on Value Investing and Company Valuation View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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The consensus recommendation from one analyst for the stock is a 'Strong Sell'. Also Read : Bajaj Finserv and Bajaj Finance soar on rating upgrades IRFC shares performance On Thursday, IRFC shares closed at Rs 152, up 1.13% on the BSE, while the benchmark Sensex rallied 1.
83%. The stock has surged 52% in the past 12 months and 362% over the past two years, with the company’s market capitalization now at Rs 1,98,641 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
