+
IRFC Extends Rs 25.39 Billion Loan to Odisha Rail Corridor
RAILWAYS & METRO RAIL

IRFC Extends Rs 25.39 Billion Loan to Odisha Rail Corridor

The Indian Railway Finance Corporation Ltd (IRFC) has sanctioned a refinancing facility worth Rs 25.39 billion to Angul Sukinda Railway Limited (ASRL), a key freight corridor operator in Odisha. The loan agreement was signed on 11 August at IRFC’s headquarters by ASRL Managing Director, Dilip Kumar Samantray, and IRFC Executive Director (Finance), Deepa Kotnis, in the presence of senior executives from both organisations.
ASRL is a special purpose vehicle jointly promoted by Rail Vikas Nigam Ltd (RVNL), Container Corporation of India Ltd (CONCOR), the Odisha government, and private partners. It operates a 113.4 km broad gauge line connecting the mineral belts of Angul and Sukinda with coal mines, steel plants, power units, and port facilities. The corridor plays a crucial role in transporting coal, iron ore, steel, and other bulk cargo, reducing congestion on busy rail routes and improving turnaround times for regional industries.
The refinancing arrangement offers more competitive terms and a repayment schedule aligned with the project’s revenue cycles. IRFC stated that this structure will help ASRL manage debt more efficiently, while freeing capital for capacity expansion and operational upgrades.
Officials expect the deal to strengthen the long-term viability of the project, which is regarded as essential for enhancing regional trade and boosting India’s rail freight capacity. “IRFC is the single-point financier for the railway sector. We aim to provide funding solutions that support growth, efficiency, and nation-building,” said the corporation’s Chairman and Managing Director.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The Indian Railway Finance Corporation Ltd (IRFC) has sanctioned a refinancing facility worth Rs 25.39 billion to Angul Sukinda Railway Limited (ASRL), a key freight corridor operator in Odisha. The loan agreement was signed on 11 August at IRFC’s headquarters by ASRL Managing Director, Dilip Kumar Samantray, and IRFC Executive Director (Finance), Deepa Kotnis, in the presence of senior executives from both organisations.ASRL is a special purpose vehicle jointly promoted by Rail Vikas Nigam Ltd (RVNL), Container Corporation of India Ltd (CONCOR), the Odisha government, and private partners. It operates a 113.4 km broad gauge line connecting the mineral belts of Angul and Sukinda with coal mines, steel plants, power units, and port facilities. The corridor plays a crucial role in transporting coal, iron ore, steel, and other bulk cargo, reducing congestion on busy rail routes and improving turnaround times for regional industries.The refinancing arrangement offers more competitive terms and a repayment schedule aligned with the project’s revenue cycles. IRFC stated that this structure will help ASRL manage debt more efficiently, while freeing capital for capacity expansion and operational upgrades.Officials expect the deal to strengthen the long-term viability of the project, which is regarded as essential for enhancing regional trade and boosting India’s rail freight capacity. “IRFC is the single-point financier for the railway sector. We aim to provide funding solutions that support growth, efficiency, and nation-building,” said the corporation’s Chairman and Managing Director.

Next Story
Real Estate

Mumbai Records 11,230 Property Deals in August 2025

Mumbai’s property market remained resilient in August 2025, with 11,230 property registrations recorded under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, according to data released by Knight Frank India. While this marks a 3 per cent year-on-year (YoY) decline compared to 11,631 registrations in August 2024, activity stayed robust despite the marginal dip.On a month-on-month (MoM) basis, registrations fell 11 per cent from 12,579 deals in July 2025, indicating seasonal moderation. However, the city’s stamp duty collections still reached Rs 10 billion, reflecting a 6 per cent..

Next Story
Infrastructure Transport

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Next Story
Infrastructure Transport

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?