IRFC's $2539 Crore Boost for Odisha's Angul Sukinda Railway

The Indian Railway Finance Corporation (IRFC) has executed a Rs 2,539 crore refinancing facility for Angul Sukinda Railway Ltd. (ASRL), a key freight corridor operator in Odisha. The agreement was signed in New Delhi by ASRL Managing Director Dilip Kumar Samantray and IRFC Executive Director (Finance) Deepa Kotnis, in the presence of senior officials from both organisations.

ASRL, promoted by Rail Vikas Nigam Ltd. (RVNL), CONCOR, the Government of Odisha, and private stakeholders, operates a 113.4 km broad-gauge line connecting key mineral belts to coalfields, steel plants, power stations, and port hubs. The corridor plays a vital role in decongesting existing routes and improving the efficiency of freight movement in eastern India.

The refinancing package offers competitive interest rates and revenue-linked repayment terms, providing ASRL with enhanced financial flexibility to support operational upgrades and future expansion. This strategic move is expected to bolster the corridor’s long-term viability while contributing to regional economic growth and enhancing the overall efficiency of India’s rail freight network.

IRFC, a ‘Navratna’ public sector enterprise and the dedicated financial arm of the Ministry of Railways, has been instrumental in funding critical infrastructure across the railway ecosystem—including projects in power, mining, logistics, ports, and metro rail—since its inception in 1986.

News by Rahul Yelligetti.