IRFC opens financial year with Rs 1,000 crore disbursal to MAHAGENCO
Continuing its role in augmenting the country’s core infrastructure, Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, on Monday, announced that it has sanctioned and fully disbursed a Rs 1,000 crore term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). The development comes close on the heels of its recent Rs 12,842 crore loan agreement with Hindustan Urvarak & Rasayan Limited.
“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,” the Chairman and Managing Director of IRFC, Manoj Kumar Dubey, said, adding, “I congratulate the team for this early achievement and encourage everyone to sustain this momentum.” Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has played a key role in mobilising long-term resources for India’s rail infrastructure at competitive rates. In recent years, the company has expanded its footprint as a diversified infrastructure financier, with a mandate extending to sectors linked to the railway ecosystem, including power generation, transmission, mining, fuel and coal, logistics, and urban transport.
The CMD added 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, remains central to ensuring a reliable electricity supply in the state. The latest funding support is expected to further strengthen its operational capabilities.
IRFC continues to maintain a strong asset quality profile, with a zero-NPA portfolio, even as it scales up its presence across allied infrastructure segments.
