September 29, 2025 – Indian Railway Finance Corporation (IRFC) has signed two major loan agreements worth a combined ₹16,489 crore to support power generation projects in Haryana and Maharashtra.
Key Highlights:
- ₹5,929 crore loan signed with Haryana Power Generation Corporation Ltd (HPGCL) for an 800 MW supercritical unit at the Deenbandhu Chhotu Ram Thermal Power Plant, Yamunanagar.
- ₹10,560 crore loan signed with Maharashtra State Power Generation Co. Ltd (MAHAGENCO) for a 2×660 MW expansion at Koradi Thermal Power Station, Nagpur.
Strengthening Power Supply
Both projects are of strategic importance:
- The Yamunanagar unit will boost Haryana’s electricity supply for homes, industries, and agriculture.
- The Koradi expansion will add 1,320 MW of modern, efficient capacity in Maharashtra, replacing older units to ensure more reliable power for the state’s consumers.
Link with Indian Railways
The projects also carry strong forward and backward linkages with Indian Railways:
- HPGCL and MAHAGENCO rely on coal transported by Indian Railways, generating steady freight revenue.
- The electricity produced will help meet Indian Railways’ traction power needs, directly supporting railway operations.
IRFC’s Role
Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has grown into a diversified infrastructure financier. Recently accorded Navratna status, it now funds projects with railway linkages, including power, mining, telecom, metro rail, and logistics. The company also maintains a strong financial record with zero NPAs.
What Leaders Said
Shri Manoj Kumar Dubey, Chairman and Managing Director of IRFC, said:
“Our focus is on financing projects of national importance that are closely integrated with Indian Railways. These agreements will not only enable critical capacity additions in Haryana and Maharashtra but also strengthen the railway infrastructure that is vital for nation building.”
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