Indian Railway Finance Corporation Disburses Rs 1,000 Crore to MAHAGENCO
Filing Summary
Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has disbursed a Rs 1,000 crore term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). This transaction marks the start of IRFC’s financial year and follows a recent Rs 12,842 crore loan agreement with Hindustan Urvarak & Rasayan Limited. IRFC continues to focus on financing infrastructure projects, maintaining a zero-NPA portfolio. MAHAGENCO, the largest power generation utility in Maharashtra, will utilize the funds to enhance its operational capabilities.
Indian Railway Finance Corporation (IRFC) has announced the disbursement of a Rs 1,000 crore term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). This transaction was completed on April 6, 2026, marking the commencement of IRFC’s financial year activities.
The loan to MAHAGENCO follows IRFC’s recent agreement involving a Rs 12,842 crore loan with Hindustan Urvarak & Rasayan Limited. IRFC, a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways, continues its role in financing core infrastructure projects across India.
Established in 1986, IRFC serves as the dedicated financing arm of the Ministry of Railways. The company has expanded its operations beyond rail infrastructure to include sectors such as power generation, transmission, mining, fuel and coal, logistics, and urban transport. IRFC maintains a strong asset quality profile with a zero-NPA portfolio, even as it diversifies its presence in allied infrastructure segments.
MAHAGENCO, the largest power generation utility in Maharashtra, plays a crucial role in ensuring reliable electricity supply within the state. The recent funding from IRFC is intended to support MAHAGENCO in enhancing its operational capabilities.
Indian Railway Finance Corporation focuses on mobilizing long-term resources for infrastructure projects at competitive rates. The company aims to deepen its engagement across various infrastructure sectors while maintaining financial discipline. IRFC’s strategic priorities include fostering strong partnerships and delivering outstanding performance in alignment with its core mandate.