Indian Railways — Indian Railway Finance Corporation

Impact: The government is divesting up to a 4% stake in Indian Railways — Indian Railway Finance Corporation through an OFS, which will increase its public float. Despite this, Indian Railways — Indian Railway Finance Corporation reported its highest-ever quarterly profit.

Impact: The Indian Railways — Indian Railway Finance Corporation facilitated a loan from a Japanese entity to the India — Telangana government for the Hyderabad Metro Rail project, but the transfer of these funds is reportedly being blocked by the Central Government of India.

Impact: Annual payments to Indian Railways — Indian Railway Finance Corporation are expected to decrease in fiscal 2027-28, as India — Indian Railways has shifted to funding capital expenditure through gross budgetary support.

Impact: State-owned NBFC retained in the upper-layer list, subject to enhanced regulatory requirements.

Impact: Mentioned as one of the PSUs where the government has conducted OFS this fiscal, part of the broader disinvestment context.