IRFC and RITES sign MoU for Railway Infrastructure Projects
New Delhi: Indian Railway Finance Corporation Ltd. (IRFC), a Schedule ‘A’/Miniratna Public Sector Enterprise under the Ministry of Railways (MoR), has signed a Memorandum of Understanding (MoU) with RITES Ltd.
Read Also : Director (Personnel), THDCIL inaugurated the International Conference on Mathematics
The MoU aims for identifying mutual areas of collaboration for expanding IRFC’s role in providing financial assistance to projects/institutions that have got backwards and or forward linkages with Railways and by RITES providing assistance to IRFC in ascertaining the financial & technical viability of projects, providing advisory & consultancy services.
Read Also : WCL provided Rs 35.09 lakh financial assistance for the establishment of 'Gamma Irradiation Facility'Smt. Shelly Verma, CMD (Addl. Charge) & Director (Finance) IRFC, expressed her views on the occasion, stating, "IRFC, along with RITES, will not only strengthen the financial ecosystem for Railway Infrastructure projects but also contribute to the overall growth and modernization of the Indian Railways.
Partnering with a premium and established consultancy institution like RITES will enhance IRFC's appraisal and marketing capabilities in exploring funding opportunities in various sectors supporting Railway infrastructure.”
Read Also : NALCO employees get special casual leave to vote in general electionNews Must Read
- NHAI took strict action against Toll Operating Agency for Misbehaving with Highway Users
- MRPL gets new Executive Director
- HUDCO signs MoU with Surat Integrated Transportation Development Corporation
- RVNL emerges lowest bidder from South East Railway to receive electronic interlocking order
- BPCL Q4 results, Consolidated net profit falls 30% to Rs 4,789 crore
- India on track to achieve solar power generation sustainability
- HPCL Q4 FY24 net profit falls 25% YoY to Rs 2,709 crore
- IREDA incorporates subsidiary in GIFT City, Gujarat
- NTPC Successfully Demonstrates 20% Torrefied Biomass Co-Firing
- NTPC Green Energy Limited Inks MoU with MAHAPREIT