IRFC share price: Indian Railway Finance Corporation (IRFC) share price has surged by 9.2% over the past three sessions. The company has recently received the esteemed Navratna status from the Government of India. This accolade signifies a major achievement in IRFC’s path as one of the Central Public Sector Enterprises (CPSE) that contributes to India’s railway infrastructure, as stated by the firm in their exchange filing.

In March 2018, it received Mini-Ratna Category-I status. The company was listed on the stock exchanges in January 2021 with an IPO price of ₹26, which has now increased to approximately ₹140, according to an exchange filing by the company.

“Receiving Navratna status is a reflection of IRFC’s financial strength and its commitmentto supporting India’s railway infrastructure. This recognition further motivates us to expand our capabilities and contribute more meaningfully to the nation’s growth,” said Manoj Kumar Dubey, CMD & CEO of IRFC.