IRFC funds PVUNL coal block development with ₹3,388.51 crore

Indian Railway Finance Corporation (IRFC) has provided loan assistance of ₹3,388.51 crore to Patratu Vidyut Utpadan Nigam Limited (PVUNL), a subsidiary of NTPC Limited. This funding is designated for the development of the Banhardih Coal Block in Jharkhand. The loan agreement was signed on September 27, 2025, by IRFC’s chief general manager, shwet ketu mishra, and PVUNL’s chief executive officer, ashok kumar sehgal.

PVUNL, a joint venture between NTPC Ltd. (74%) and Jharkhand Bijli Vitran Nigam Limited (26%), is establishing a 4,000 MW coal-based thermal power project. The Banhardih captive coal block, with estimated reserves of approximately 956 million tonnes, will supply coal for this project. Transportation will be facilitated by the Indian Railways network, linking the project to the railway sector.

As a Navratna CPSE and the dedicated financing arm of the Ministry of Railways, IRFC's commitment extends to projects of national importance with linkages to railways, including power generation, mining, and logistics. This investment reinforces IRFC's role in strengthening India's infrastructure and ensuring fuel security.