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The project will add 1,320 MW of modern supercritical capacity, replacing outdated and less efficient units, and will play a key role in ensuring reliable electricity supply for Maharashtra’s industrial and agricultural sectors.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

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..