IRFC sanctions ₹5,000 crore term loan to MAHAGENCO; ₹3,000 crore disbursed

State-owned Indian Railway Finance Corporation Ltd (IRFC) on Wednesday (December 31) executed a Rupee Term Loan Agreement with Maharashtra State Power Generation Company Ltd (MAHAGENCO) for a sanctioned amount of ₹5,000 crore. Out of the total sanctioned loan, ₹3,000 crore has already been disbursed on the same day, IRFC said.

IRFC, established in 1986 as the dedicated financing arm of the Ministry of Railways, has played a 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.

Also Read: IRFC shares can fall to levels of ₹100, a chartist warns after PSU drops over 50% from peak

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

Chairman & Managing Director of IRFC said, "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."

Shares of Indian Railway Finance Corp Ltd ended at ₹124.75, up by ₹0.16, or 0.13%, on the BSE.