IRFC Sanctions ₹5,000 Crore Rupee Term Loan to MAHAGENCO, ₹3,000 Crore Disbursed

Indian Railway Finance Corporation Limited (IRFC), a Government of India NBFC under the administrative control of the Ministry of Railways, today executed a Rupee Term Loan Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for a sanctioned amount of ₹5,000 crore. Out of the sanctioned loan, ₹3,000 crore has already been disbursed today.

Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has played a pivotal role in strengthening India's rail infrastructure by mobilising long-term resources at competitive rates. As a Navratna CPSE, IRFC is expanding its role as a diversified infrastructure financier within the railway ecosystem, with a mandate covering projects having forward and backward linkages with railways, including power generation and transmission, mining, fuel and coal, warehousing, telecom, hotels and catering, metro rail, freight corridors, ports and multimodal logistics. IRFC continues to maintain a strong asset quality track record with a zero-NPA portfolio.

MAHAGENCO, the largest power generation company in Maharashtra and a key State utility, plays an important role in ensuring reliable power supply in the State. The sanctioned facility from IRFC will support MAHAGENCO in meeting its operational and financial obligations.

Commenting on the development, the Chairman & Managing Director of IRFC stated: "This sanction further strengthens IRFC's engagement with strategic public sector utilities and demonstrates our commitment to supporting critical infrastructure entities through structured long-term financing solutions."

This sanction reflects IRFC's expanding role in supporting vital infrastructure sectors while remaining firmly aligned with its core mandate.

Shares of Indian Railway Finance Corporation Limited was last trading in BSE at Rs. 125.75 as compared to the previous close of Rs. 124.60. The total number of shares traded during the day was 758735 in over 6183 trades.

The stock hit an intraday high of Rs. 126.20 and intraday low of 124.10. The net turnover during the day was Rs. 95030432.00.

Source : Equity Bulls

Keywords

IndianRailwayFinanceCorporation INE053F01010 IRFC NBFC RupeeTermLoan MAHAGENCO