IRFC disburses Rs 1,000 crore loan to MAHAGENCO

Indian Railway Finance Corporation (IRFC), a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways, has sanctioned and fully disbursed a Rs 1,000 crore term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). The announcement was made on Monday, marking IRFC’s first disbursement of the new financial year.

The loan follows IRFC’s recently concluded Rs 12,842 crore financing agreement with Hindustan Urvarak & Rasayan Limited. MAHAGENCO, the largest power generation utility in Maharashtra, is expected to use the funds to support its operations. The company has not disclosed details on end-use allocation or repayment terms.

Manoj Kumar Dubey, Chairman and Managing Director (CMD) of IRFC, said the disbursement reflects continuity in engagement at the start of the financial year. He noted that IRFC aims to expand its presence across infrastructure sectors while maintaining financial discipline.

Established in 1986, IRFC serves as the dedicated financing arm of the Ministry of Railways, raising long-term resources for rail infrastructure. Its mandate has expanded to include sectors linked to the railway ecosystem, such as power generation and transmission, mining, fuel and coal, logistics, and urban transport. The corporation maintains a zero non-performing asset (NPA) portfolio.

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