Indian Railway Finance Corporation Limited has informed the Exchange regarding a press release dated September 27, 2025, titled "IRFC extends funding support to PVUNL for INR 3,388.51 crore".
IRFC · price
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IRFC has sanctioned a loan of ₹3,388.51 crore to Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture between NTPC (74%) and Jharkhand Bijli Vitran Nigam Limited (26%), for developing the Banhardih Coal Block in Latehar district, Jharkhand. The coal block has estimated reserves of around 956 million tonnes and will supply fuel to PVUNL's 4,000 MW coal-based thermal power project at Patratu. Coal from the block will be transported through Indian Railways, reinforcing the project's rail linkage. The loan agreement was signed at PVUNL's Patratu office. IRFC, recently granted Navratna status, continues to maintain a zero-NPA portfolio while expanding its infrastructure financing mandate to include power, mining, coal, and logistics.
This is a routine lending transaction for IRFC and adds to its loan book with a government-backed borrower (NTPC subsidiary), keeping credit risk minimal. It reinforces IRFC's expanding role beyond pure railway financing into rail-linked infrastructure projects, supporting long-term business diversification, though it is unlikely to be a major stock price catalyst on its own.