PFC Powers Up Chhattisgarh Rail Corridor with ₹3,517 Crore Boost

Power Finance Corporation (PFC) has approved a loan of Rs 3,517 crore to Chhattisgarh East Railway (CERL) for the development of the East Rail Corridor Project in Chhattisgarh.

The loan agreement, valued at Rs 3,516.68 crore, was signed on 28 March 2025. CERL, a joint venture involving South Eastern Coalfields (SECL), IRCON, and Chhattisgarh State Industrial Development Corporation (CSIDCL), is overseeing the construction of this railway project. The project aims to transport coal from various coal mines in the region and ensure its smooth delivery to thermal power plants.

As a nodal agency under the Ministry of Power, PFC is instrumental in the execution of major power sector initiatives, including the Integrated Power Development Scheme (IPDS), Ultra Mega Power Projects (UMPPs), and also acts as the bid process coordinator for independent transmission projects.

News by Rahul Yelligetti.