Indian Railway Finance Corporation (IRFC), a Navratna Central Public Sector Enterprise under the Ministry of Railways, has commenced the new financial year with a significant financial move. On Monday, the company announced the sanction and full disbursement of a ₹1,000 crore term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). This development follows closely after IRFC’s recent ₹12,842 crore loan agreement with Hindustan Urvarak & Rasayan Limited.
Manoj Kumar Dubey, Chairman and Managing Director of IRFC, expressed optimism about the new financial year, stating, “A wonderful start to the new financial year. Our first disbursement going to a trusted business partner is not just a transaction, it is a statement of confidence, continuity, and commitment.” He congratulated the team for this early achievement and encouraged them to sustain the momentum.
IRFC, established in 1986 as the dedicated financing arm of the Ministry of Railways, has been pivotal in mobilising long-term resources for India’s rail infrastructure at competitive rates. In recent years, the company has expanded its reach as a diversified infrastructure financier. Its mandate now extends to sectors linked to the railway ecosystem, including power generation, transmission, mining, fuel and coal, logistics, and urban transport.
The CMD further stated that IRFC will continue to deepen its engagement across infrastructure sectors while maintaining financial discipline. “Together, we will ensure that this year is defined by strong partnerships and outstanding performance, while staying aligned with our core mandate,” he noted.
MAHAGENCO, the largest power generation utility in Maharashtra, plays a crucial role in ensuring reliable electricity supply within the state. The latest funding support from IRFC is expected to enhance MAHAGENCO’s operational capabilities significantly.
IRFC continues to maintain a robust asset quality profile, boasting a zero-NPA portfolio, even as it scales up its presence across allied infrastructure segments.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).