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The project will add 1,320 MW of modern supercritical capacity, replacing outdated and less efficient units, and will play a key role in ensuring reliable electricity supply for Maharashtra’s industrial and agricultural sectors.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.”

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..