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The Economic Times

Economy / The Economic Times

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Indian Railway Finance Corporation on track for an upgrade to Maharatna

Indian Railway Finance Corporation (IRFC) is poised to become the first railway 'Maharatna' as a proposal nears final approval. This elevation from Navratna status will grant IRFC's board greater autonomy and is expected to reduce borrowing and lending costs. The company has met the stringent financial criteria for Maharatna status, including significant net worth and recent business growth.

6 Jan 2026 11:59 pm