Indian Railway Finance Corporation Limited has informed the Exchange regarding a press release dated September 26, 2025, titled "IRFC Sanctions Rupee Term Loan of INR 12,640 crore to CSPGCL Raipur".
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IRFC has sanctioned a Rupee Term Loan of INR 12,640 crore to Chhattisgarh State Power Generation Company Limited (CSPGCL), a state government-owned entity. The loan will fund CSPGCL's upcoming 2x660 MW Super Critical Thermal Power Project at HTPS, Korba West. The agreement was signed in Raipur on September 26, 2025. This marks a significant step in IRFC's expansion beyond pure railway financing into broader infrastructure lending under its diversified mandate, which now covers power generation, transmission, mining, coal, logistics, and more. CSPGCL currently has an installed capacity of over 2,600 MW and supplies power to Indian Railways among others. IRFC noted it maintains a zero-NPA portfolio and recently received Navratna status.
This is a positive development for IRFC shareholders as it demonstrates the company's growing role as a diversified infrastructure financier, potentially boosting its lending portfolio and revenue diversification. The large ticket size reinforces IRFC's Navratna-era ambitions and its ability to underwrite big-ticket infrastructure deals beyond railways.