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LIC to invest Rs 1.5-L cr in Indian Railways

Last updated on - Mar 11, 2015
01 / 4
LIC to invest Rs 1.5-L cr in Indian Railways
State-run insurance major LIC on Wednesday committed Rs 1.5 lakh crore to the Indian Railways for development of various commercially viable projects in one of the largest railway networks in the world. (BCCL)
See more of : LIC, Indian Railways
02 / 4
LIC to invest Rs 1.5-L cr in Indian Railways
The investment would be made over a period of five years. "LIC has taken the task of supporting Indian Railways... It is a commercial decision... LIC will invest Rs 1.5 lakh crore over a period of five years," finance minister Arun Jaitley said. (BCCL)
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03 / 4
LIC to invest Rs 1.5-L cr in Indian Railways
The investment would be done in bonds issued by various railway entities such Indian Railways Finance Corporation (IRFC), beginning next fiscal. (BCCL)
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04 / 4
LIC to invest Rs 1.5-L cr in Indian Railways
On an average, LIC will be subscribing bonds worth Rs 30,000 crore over next five years, its Chairman S K Roy told PTI after the signing of MoU between Indian Railways and LIC. (BCCL)
See more of : LIC, Indian Railways

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