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Rail budget 2015: Railways to mobilise Rs 17,655 cr from borrowing in 2015-16
Updated On: 26 February, 2015 04:32 PM IST | | PTI
<p>Indian Railways will borrow Rs 17,655 crore from markets through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2015-16, a nearly 47 per cent increase over the current fiscal year's revised estimate</p>
New Delhi: Indian Railways will borrow Rs 17,655 crore from markets through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2015-16, a nearly 47 per cent increase over the current fiscal year's revised estimate.
The market borrowing as per the revised estimate by these two companies during the current fiscal was pegged at Rs 12,045 crore from markets, according to the Railway Budget for 2015-16, which was tabled by Railway Minister Suresh Prabhu in Parliament today.
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