Indian Railway Finance Corporation (IRFC) has recently executed a Rupee Term Loan Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for a sanctioned amount of Rs 50 billion, of which Rs 30 billion has already been disbursed. A Navratna CPSE under the Ministry of Railways, IRFC has expanded its role beyond rail financing to support infrastructure projects linked to the railway ecosystem, including power generation, transmission, mining, logistics, ports and metro rail. The corporation continues to maintain a strong asset quality profile with a zero-NPA portfolio. MAHAGENCO, Maharashtra’s largest power generation utility, will utilise the sanctioned facility to meet its operational and financial requirements, supporting reliable power supply across the state. The transaction reflects IRFC’s growing engagement with strategic public sector utilities while remaining aligned with its core infrastructure financing mandate.