IRFC signs pacts with Haryana, Maharashtra for aggregate INR 165 bln loans
This story was originally published at 20:02 IST on 29 September 2025
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--IRFC to give Mahagenco INR 105.6-bln loan to expand Koradi thermal project
--IRFC signs pact with Haryana Power Generation Corp for INR 59.29 bln
--IRFC signs pact to finance upcoming 800 MW thermal power unit in Haryana
MUMBAI – Indian Railway Finance Corp. Ltd. Monday said it has signed loan agreements with the Haryana and Maharashtra governments for two separate power projects in the states. The combined financing approved for the two projects is INR 164.89 billion, as per exchange filings by the company.
The company signed a loan agreement with Maharashtra State Power Generation Co. Ltd. to provide up to INR 105.60 billion towards the upcoming 1,320 megawatt supercritical expansion project at the Koradi Thermal Power Station in Nagpur, it said in an exchange filing. The project is of strategic importance in ensuring reliable power supply to Maharashtra's industrial and agricultural consumers, IRFC said.
The financing arm of the Ministry of Railways also signed an agreement with Haryana Power Generation Corp. Ltd. to provide financing of up to INR 59.29 billion for the upcoming 800 megawatt supercritical thermal power project at Deenbandhu Chhotu Ram Thermal Power Plant in Yamunanagar. Haryana Power Generation is the state's prime power generation company.
IRFC had reported a 10.7% rise on year in net profit for the June quarter to INR 17.46 billion, mainly on the back of robust lease income. Monday, shares of the company closed 1.9% higher at INR 124.26 on the National Stock Exchange. End
Reported by Srijita Bose
Edited by Nishant Maher
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