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Indian Railway Finance Corporation (IRFC) has executed a refinancing facility of up to Rs. 1,125 crore for Bhartiya Rail Bijlee Company Ltd (BRBCL), a joint venture of NTPC Ltd. (74%) and Ministry of Railways (26%). The loan agreement was signed today at BRBCL's Nabinagar office between Shri Sunil Goel, CGM (BD), IRFC and Shri Deepak Ranjan Dehuri, CEO, BRBCL, in the presence of senior officials from both organisations.
At 2.28 pm, Indian Railway Finance Corporation was trading at Rs. 126.05, down by 0.55%, with a volume of 15.29 lakh shares on the BSE.
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