IRFC Expands into Renewable Energy Financing
RAILWAYS & METRO RAIL

IRFC Expands into Renewable Energy Financing

Indian Railway Finance Corporation (IRFC), the dedicated funding arm of Indian Railways, is expanding into renewable energy financing to support India’s goal of installing 500 GW of non-fossil fuel-based energy capacity by 2030. Recently awarded ‘Navratna’ status, IRFC now has greater operational and financial autonomy. 

The corporation won a bid to provide a Rs 75 billion term loan to NTPC Green Energy and is lending Rs 31 billion to an NTPC thermal power subsidiary. It is also exploring funding opportunities for Indian Railways' renewable energy needs and metro rail projects. Additionally, IRFC has partnered with REMC to finance renewable projects supplying power to the railways. 

This financing push aligns with calls from the Ministry of New and Renewable Energy to mobilize funds for India’s clean energy targets, with an estimated Rs 30 trillion needed to meet the 2030 capacity goal. Parliament’s standing committee on energy has also recommended innovative financing mechanisms like green bonds and infrastructure development funds to bridge the financing gap. 

(mercom)      

Indian Railway Finance Corporation (IRFC), the dedicated funding arm of Indian Railways, is expanding into renewable energy financing to support India’s goal of installing 500 GW of non-fossil fuel-based energy capacity by 2030. Recently awarded ‘Navratna’ status, IRFC now has greater operational and financial autonomy. The corporation won a bid to provide a Rs 75 billion term loan to NTPC Green Energy and is lending Rs 31 billion to an NTPC thermal power subsidiary. It is also exploring funding opportunities for Indian Railways' renewable energy needs and metro rail projects. Additionally, IRFC has partnered with REMC to finance renewable projects supplying power to the railways. This financing push aligns with calls from the Ministry of New and Renewable Energy to mobilize funds for India’s clean energy targets, with an estimated Rs 30 trillion needed to meet the 2030 capacity goal. Parliament’s standing committee on energy has also recommended innovative financing mechanisms like green bonds and infrastructure development funds to bridge the financing gap. (mercom)      

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?