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IRFC forays into power sector lending
Financial Express Kochi
|March 06, 2025
₹10,700-cr loans to be extended to NTPC ventures
IN ITS BID to diversify its lending business beyond Indian Railways, Indian Railway Finance Corporation (IRFC) on Wednesday announced funding of two big projects in the power sector.
The company has emerged as the lowest bidder to provide a ₹3,200-crore loan for Patratu Vidyut Utpadan Nigam (PVUNL), a joint venture between NTPC and Jharkhand Bijli Vitran Nigam. Additionally, NTPC Renewable Energy, a wholly owned subsidiary of NTPC Green Energy, has accepted IRFC's bid for ₹7,500 crore to finance a rupee term loan.
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