Infrastructure Giant IRFC Funds MAHAGENCO for ₹5,000 Crore

Indian Railway Finance Corporation (IRFC) has entered into a rupee term loan agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for ₹5,000 crore, of which ₹3,000 crore has already been disbursed.

The funding will support MAHAGENCO, Maharashtra’s largest power producer, in meeting its operational and financial requirements, thereby strengthening the state’s power infrastructure and ensuring a reliable electricity supply for industries and households.

Established in 1986 as the financing arm of the Ministry of Railways, IRFC has evolved into a leading infrastructure financier in India, extending funding support across sectors such as power generation and transmission, mining, coal, telecom, metro rail, ports, logistics, and freight corridors.

With a track record of strong asset quality and a zero non-performing asset (NPA) portfolio, IRFC continues to play a critical role in enabling large-scale infrastructure development and reinforcing essential services nationwide.

News by Rahul Yelligetti.