PFC loans given to thermal power projectsay turn bad some years down the line due to fall in solar power prices. Also their private power loan book not that good. But irfc is zero Npa with all recievables from government and if india grows railways will grow at twice the rate and irfc will grow at 4 x the rate. Irfc has got only 35 odd employees so all they own including profits invested will come to shareholders .
8.27 PM May 9th
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