Indian Railway Finance Corporation Limited — Others, 11-12-2024: Security Cover Certificate

Indian Railway Finance Corporation Limited (IRFC) certified its security cover based on its unaudited financials for the period ending September 30, 2024. The total value of secured debt is ₹1,04,895.89 crore, with a security cover ratio of 1.97, indicating robust asset backing. This update signals IRFC's compliance and financial health, reassuring stakeholders of its creditworthiness. Such transparency can enhance investor sentiment, reflecting a positive outlook on IRFC's ability to manage its debt obligations effectively while maintaining strong asset security.