IRFC Disburses Rs 1,000 Crore Term Loan to MAHAGENCO
New Delhi, April 6, 2026 – Indian Railway Finance Corporation (IRFC) has sanctioned and fully disbursed a term loan of Rs 1,000 crore to Maharashtra State Power Generation Company Limited (MAHAGENCO). The announcement came on Monday, marking a strong opening to the new financial year.
A Statement of Confidence and Commitment
Manoj Kumar Dubey, Chairman and Managing Director of IRFC, described the disbursal as a wonderful start to the new financial year.
He stated that the first disbursement going to a trusted business partner is not just a transaction. It is a statement of confidence, continuity, and commitment.
The CMD congratulated the IRFC team for this early achievement. He encouraged everyone to sustain this momentum throughout the year.
MAHAGENCO: Maharashtra's Largest Power Generator
MAHAGENCO is the largest power generation utility in the state of Maharashtra. The company plays a central role in ensuring reliable electricity supply across the state.
The latest funding support from IRFC is expected to further strengthen MAHAGENCO's operational capabilities. The utility will use the funds for its ongoing and upcoming power generation projects.
IRFC's Expanding Role Beyond Railways
IRFC was established in 1986 as the dedicated financing arm of the Ministry of Railways. The company is a Navratna Central Public Sector Enterprise (CPSE).
Over the years, IRFC has expanded its footprint as a diversified infrastructure financier. Its mandate now extends to sectors linked to the railway ecosystem.
These sectors include power generation, transmission, mining, fuel and coal, logistics, and urban transport.
Recent Major Financing Activities
This Rs 1,000 crore disbursal comes close on the heels of a much larger transaction. IRFC recently signed a Rs 12,842 crore loan agreement with Hindustan Urvarak & Rasayan Limited (HURL).
That agreement further demonstrates IRFC's growing presence in financing core infrastructure projects beyond the railway sector.
Zero NPA Portfolio Maintained
IRFC continues to maintain a strong asset quality profile. The company proudly maintains a zero Non-Performing Assets (NPA) portfolio.
This financial discipline is notable even as IRFC scales up its presence across allied infrastructure segments. The company balances growth ambitions with prudent risk management.
Deepening Engagement Across Infrastructure
The CMD added that IRFC will continue to deepen its engagement across infrastructure sectors. The company will do this while maintaining financial discipline.
Dubey noted that together, IRFC and its partners will ensure that this year is defined by strong partnerships and outstanding performance. All of this will remain aligned with IRFC's core mandate.
About IRFC
Indian Railway Finance Corporation Limited is a Government of India enterprise. The company is registered under CIN L65910DL1986GOI026363. Its registered office is located at NBCC Place, Lodhi Road, New Delhi.