IRFC funds major power projects, strengthening rail infrastructure

Indian Railway Finance Corporation (IRFC) has signed two substantial loan agreements totaling ₹16,489 crore to finance critical thermal power projects. The first agreement provides ₹10,560 crore to Maharashtra State Power Generation Company Limited (MAHAGENCO) for its 2x660 MW supercritical expansion project at Koradi Thermal Power Station (TPS) in Nagpur. This project aims to add 1,320 MW of modern capacity, replacing older units and ensuring reliable power supply for Maharashtra.

The second agreement involves a ₹5,929 crore term loan to Haryana Power Generation Corporation Limited (HPGCL) for an 800 MW (3rd Unit) supercritical thermal power project at Deenbandhu Chhotu Ram Thermal Power Plant (DCRTPP) in Yamunanagar. This investment will significantly augment Haryana's generation capacity and strengthen power supply across the state.

Both projects underscore IRFC's strategic focus on financing national importance projects closely integrated with Indian Railways. These partnerships ensure steady freight traffic for coal transportation to power plants and support the Northern Grid, directly benefiting Indian Railways' traction requirements and energy needs. IRFC continues to diversify its infrastructure financing within the railway ecosystem, maintaining a zero-NPA portfolio.