IRFC to Issue Rs 6000 Crore Tax-Free Bonds

New Delhi, Aug 10 (PTI) Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal, Lok Sabha was told today.

List Of Tax-Free Bonds To Be Launched In 2015-16

IRFC to Issue Rs 6000 Crore Tax-Free Bonds

IRFC has been authorised by the Railway Ministry to issue tax-free bonds for a total amount of Rs 6,000 crore during the financial year 2015-16 through public issue, Minister of State for Railways Manoj Sinha said in the House.

Railways would utilise the funds to finance acquisition of rolling stock such as engines, coaches and wagons for use by the Railways.

PTI

Read more about: tax free bonds, irfc
Story first published: Monday, August 10, 2015, 16:15 [IST]
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