IRFC Starts FY With ₹1,000 Crore Loan Disbursal To MAHAGENCO, Strengthens Infrastructure Financing Push

Indian Railway Finance Corporation (IRFC) has begun the new financial year with a significant financial move by disbursing a term loan of Rs 1,000 crore to Maharashtra State Power Generation Company Limited. The company, which operates as a Navratna Central Public Sector Enterprise under the Ministry of Railways, confirmed that the loan has been both sanctioned and fully disbursed.

This development comes shortly after IRFC signed a much larger loan agreement worth Rs 12,842 crore with Hindustan Urvarak & Rasayan Limited, showing its growing role beyond railway financing. The latest funding to MAHAGENCO highlights IRFC’s expanding presence in supporting key infrastructure sectors across the country.

Speaking on the development, IRFC Chairman and Managing Director Manoj Kumar Dubey described the disbursement as a strong start to the financial year. He said that the first transaction of the year reflects confidence, continuity, and commitment towards trusted partners. He also appreciated the efforts of the team and encouraged them to maintain this momentum in the coming months.

IRFC was established in 1986 as the dedicated financing arm of the Ministry of Railways. Over the years, it has played an important role in raising long-term funds for railway infrastructure at competitive rates. Recently, the company has diversified its operations and extended financial support to other sectors connected with the railway ecosystem. These include power generation, transmission, mining, coal, logistics, and urban transport.

The CMD further noted that IRFC will continue to strengthen its engagement across various infrastructure segments while maintaining financial discipline. He emphasized that the company aims to build strong partnerships and deliver consistent performance while staying aligned with its core mandate.

MAHAGENCO, known as the largest power generation utility in Maharashtra, plays a key role in ensuring a reliable electricity supply across the state. The financial support from IRFC is expected to enhance its operational efficiency and strengthen its capacity to meet growing power demand.

IRFC has maintained a strong financial position over the years, with a zero non-performing asset (NPA) record. As it continues to expand into new infrastructure areas, the company remains focused on maintaining asset quality while supporting India’s infrastructure growth.