IRFC Opens Financial Year With Rs 10 bn Disbursal to MAHAGENCO

09 Apr 2026 CW Team

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 bn term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). The disbursement marks the first funding action of the year and underlines IRFC's continued role in supporting core infrastructure across the country.

The Rs 10 bn facility to MAHAGENCO follows a recent larger transaction in which IRFC agreed a Rs 128.42 bn loan with Hindustan Urvarak & Rasayan Limited, reflecting the lender's growing presence beyond rail projects. The corporation described the latest transfer as a demonstration of confidence and continuity in its partnerships with infrastructure entities.

Manoj Kumar Dubey, Chairman and Managing Director of IRFC, congratulated the team for achieving the early disbursement and urged continued momentum, framing the move as consistent with financial discipline and strategic engagement. He emphasised that the organisation will pursue strong partnerships and performance while remaining aligned with its core mandate.

Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has mobilised long term resources for India's rail infrastructure at competitive rates and has progressively diversified into related sectors. Its mandate now encompasses power generation, transmission, mining, fuel and coal, logistics and urban transport, enabling the corporation to support a broader infrastructure ecosystem.

MAHAGENCO, the largest power generation utility in Maharashtra, is central to ensuring reliable electricity supply in the state and is expected to use the funds to strengthen operational capabilities. IRFC continues to report a zero NPA portfolio while scaling its activities across allied infrastructure segments, signalling a strong asset quality profile as lending expands.

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