IRFC Loans Rs 106 Billion To MAHAGENCO For Koradi Project

03 Oct 2025 CW Team

Indian Railway Finance Corporation (IRFC) has signed a loan agreement worth up to Rs 106 billion with Maharashtra State Power Generation Company (MAHAGENCO) to fund the 2×660 MW supercritical expansion project at Koradi Thermal Power Station in Nagpur.

The agreement was formalised at IRFC’s headquarters in New Delhi, with Sunil Kumar Goel, Chief General Manager, IRFC, and Pankaj Sharma, CGM (Finance), MAHAGENCO, signing on behalf of their organisations.

The project will add 1,320 MW of modern supercritical capacity, replacing outdated and less efficient units, and will play a key role in ensuring reliable electricity supply for Maharashtra’s industrial and agricultural sectors. Financial backing from IRFC will help enable smooth implementation of the expansion.

Recently accorded Navratna status, IRFC is widening its role as a diversified infrastructure financier in the railway ecosystem. Its mandate extends to power generation and transmission, mining, fuel, coal, warehousing, telecom, hotels and catering, metro rail, freight corridors, ports, and multimodal logistics, all of which maintain strong forward and backward linkages with Indian Railways.

MAHAGENCO already has several long-term Tripartite Agreements (TPAs) with Indian Railways for coal transportation to its plants. Significant capital and operational expenditure on coal freight, wagon handling, and related logistics directly contribute to Indian Railways’ freight earnings.

Commenting on the development, Manoj Kumar Dubey, Chairman and Managing Director and CEO of IRFC, said, “At IRFC, our priority is to support projects that are closely integrated with Indian Railways and deliver enduring benefits. By extending funding support to MAHAGENCO, we are not only enabling critical capacity addition in Maharashtra but also strengthening railway infrastructure that is vital for nation building.”

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..