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Indian Railway Finance Corporation Limited has issued a security cover certificate, confirming compliance with relevant listing regulations as of September 30, 2024. The report indicates total secured debt of ₹1,04,895.89 crore, supported by assets valued at ₹4,94,348.38 crore, resulting in a strong security cover ratio of 1.97. This positive metric suggests robust asset backing for the company's debt, enhancing its financial stability and reassuring stakeholders about risk management. The assurance of covenant compliance from the statutory auditors further strengthens investor confidence, potentially fostering a positive outlook among shareholders.
All announcements from Indian Railway Finance Corporation Limited