IRFC Disburses Rs 10,000 mn Term Loan To MAHAGENCO

08 Apr 2026 CW Team

Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has been mobilising long term resources for India's rail infrastructure at competitive rates. In recent years the company has broadened its mandate to operate as a diversified infrastructure financier, extending support to sectors linked to the railway ecosystem such as power generation, transmission, mining, fuel and coal, logistics and urban transport. This strategic expansion has been presented as part of efforts to align financing solutions with wider national infrastructure priorities.

The Chairman and Managing Director Manoj Kumar Dubey characterised the early disbursement as a demonstration of confidence, continuity and commitment and congratulated the team for achieving this milestone ahead of schedule, while urging sustained momentum. He indicated that IRFC will continue to deepen engagement across infrastructure sectors while maintaining financial discipline and adherence to its core mandate. Management commentary framed the disbursement as reinforcing partnerships that can deliver operational outcomes and financial stability.

MAHAGENCO, identified as the largest power generation utility in Maharashtra, was described as central to ensuring reliable electricity supply in the state and the funding is expected to strengthen its operational capabilities. The financier has emphasised its strong asset quality profile, noting a zero NPA portfolio even as it scales up its presence across allied infrastructure segments. The transaction has been presented as consistent with IRFC's objective of supporting critical infrastructure through long term, competitively priced funding.

Indian Railway Finance Corporation (IRFC), a Navratna central public sector enterprise under the Ministry of Railways, has opened the financial year by sanctioning and fully disbursing a Rs 10,000 mn term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). The disbursement follows a recent loan agreement of Rs 128,420 mn signed with Hindustan Urvarak & Rasayan Limited, signalling a continued focus on large scale infrastructure financing. The move marks the financier's first disbursal of the year and is aimed at supporting state level power generation capacity. Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has been mobilising long term resources for India's rail infrastructure at competitive rates. In recent years the company has broadened its mandate to operate as a diversified infrastructure financier, extending support to sectors linked to the railway ecosystem such as power generation, transmission, mining, fuel and coal, logistics and urban transport. This strategic expansion has been presented as part of efforts to align financing solutions with wider national infrastructure priorities. The Chairman and Managing Director Manoj Kumar Dubey characterised the early disbursement as a demonstration of confidence, continuity and commitment and congratulated the team for achieving this milestone ahead of schedule, while urging sustained momentum. He indicated that IRFC will continue to deepen engagement across infrastructure sectors while maintaining financial discipline and adherence to its core mandate. Management commentary framed the disbursement as reinforcing partnerships that can deliver operational outcomes and financial stability. MAHAGENCO, identified as the largest power generation utility in Maharashtra, was described as central to ensuring reliable electricity supply in the state and the funding is expected to strengthen its operational capabilities. The financier has emphasised its strong asset quality profile, noting a zero NPA portfolio even as it scales up its presence across allied infrastructure segments. The transaction has been presented as consistent with IRFC's objective of supporting critical infrastructure through long term, competitively priced funding.

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