IRFC Disburses Rs 1,000 Crore Loan to MAHAGENCO, Starting New Financial Year
Indian Railway Finance Corporation (IRFC), a Navratna CPSE operating under the Ministry of Railways, announced the sanction and full disbursement of a Rs 1,000 crore term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO) on April 6, 2026. This initial disbursement marks the start of the company's financial year.The financing support comes shortly after IRFC finalized a loan agreement worth Rs 12,842 crore with Hindustan Urvarak & Rasayan Limited.
Manoj Kumar Dubey, Chairman and Managing Director of IRFC, stated that the disbursement is a confirmation of confidence, continuity, and commitment. He emphasized the importance of maintaining momentum for the team.
Established in 1986, IRFC serves as the dedicated financing arm of the Ministry of Railways and has historically been pivotal in mobilizing long-term resources for India's rail infrastructure at competitive rates. Over the years, the company has broadened its focus, becoming a diversified infrastructure financier. Its mandate now extends to sectors connected with the railway ecosystem, encompassing power generation, transmission, mining, fuel and coal, logistics, and urban transport.
IRFC intends to deepen its involvement across various infrastructure sectors while adhering to financial discipline.
MAHAGENCO, identified as the largest power generation utility in Maharashtra, is expected to utilize the latest funding support to bolster its operational capabilities, which are central to ensuring reliable electricity supply within the state.
IRFC maintains a strong asset quality profile, reporting a zero-NPA portfolio even as the corporation expands its operations across allied infrastructure segments.
IRFC Stock Price Movement
At the close of trade, shares of Indian Railway Finance Corporation Limited are edging higher by 1.15% to trade at ₹92.9. The stock saw a solid session, trading within a range from ₹89.35 up to a high of ₹92.99.Source:
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