Indian Railway Finance Corporation has signed a rupee term loan agreement with Maharashtra State Power Generation Company for Rs 50 billion, of which Rs 30 billion has already been disbursed.

The funding is expected to support MAHAGENCO, Maharashtra’s largest power generator, in meeting its operational and financial requirements. The loan will help strengthen the state’s electricity infrastructure and ensure reliable power supply to households and industrial consumers.

Established in 1986 as the financing arm of the Ministry of Railways, IRFC has evolved into a major infrastructure financier with exposure across sectors such as power generation and transmission, mining, coal, telecom, metro rail, ports, logistics and dedicated freight corridors.

IRFC said it continues to maintain strong asset quality, with a zero non-performing asset portfolio. The loan to MAHAGENCO underscores the company’s role in financing large-scale infrastructure projects and supporting essential services across India.