Indian Railway Finance Corporation Limited has informed the Exchange regarding a press release dated September 29, 2025, titled "Press Release- IRFC signs ₹5,929 crore Term Loan Agreement with HPGCL for 800 MW Yamunanagar Project".
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IRFC has signed a ₹5,929 crore term loan agreement with Haryana Power Generation Corporation Limited (HPGCL) to finance the upcoming 800 MW (3rd Unit) supercritical thermal power project at Deenbandhu Chhotu Ram Thermal Power Plant in Yamunanagar, Haryana. The agreement was signed at HPGCL's headquarters in Panchkula on September 29, 2025. IRFC, the dedicated financing arm of the Ministry of Railways, has recently been granted Navratna status and is expanding its role as a diversified infrastructure financier. The project has strong forward and backward linkages with Indian Railways, as HPGCL's plants depend on coal transported by Railways, and the generated power supports railway traction needs in the region.
This deal reinforces IRFC's diversification beyond pure railway financing and highlights its growing role as a Navratna infrastructure financier. For shareholders, it signals steady asset growth, diversification of the loan book, and continued strong asset quality (zero NPAs), which should support earnings visibility.