Indian Railway Finance Corporation (IRFC) has sanctioned a Rupee Term Loan (RTL) of Rs 12,640 crore to Chhattisgarh State Power Generation Company (CSPGCL), a wholly owned entity of the Government of Chhattisgarh, for financing its upcoming 2x660 MW Super Critical Thermal Power Project at HTPS, Korba West. The sanctioned funding will provide CSPGCL with long-term, low-cost resources for project implementation, ensuring financial stability and timely execution of this critical project, ultimately benefitting the public at large.

Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has played a pivotal role in strengthening India’s rail infrastructure by mobilising resources at competitive rates. Recently accorded ‘Navratna’ status, the company is expanding its role as a diversified infrastructure financier within the railway ecosystem, with a mandate covering projects that have forward and backward linkages with railways, such as power generation and transmission, mining, fuel, coal, warehousing, telecom, hotels and catering, metro rail, freight corridors, ports, multimodal logistics etc. IRFC continues to maintain a strong asset quality track record with a zero-NPA portfolio.

Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.