Indian Railway Finance Corporation (IRFC) has sanctioned a ₹12,640 crore Rupee Term Loan (RTL) to Chhattisgarh State Power Generation Company Limited (CSPGCL). This funding supports CSPGCL’s upcoming 2×660 MW Super Critical Thermal Power Project at HTPS, Korba West. The agreement aims to boost Chhattisgarh’s power generation and infrastructure development, while ensuring a stable and efficient energy supply.
Significant Loan Approval for Power Generation
The Indian Railway Finance Corporation (IRFC) has officially sanctioned a Rupee Term Loan (RTL) amounting to ₹12,640 crore for Chhattisgarh State Power Generation Company Limited (CSPGCL). This financial boost aims to facilitate CSPGCL’s ambitious power project.
Project Details and Objectives
CSPGCL, a wholly-owned entity of the Government of Chhattisgarh, will utilize the loan to finance its upcoming 2×660 MW Super Critical Thermal Power Project located at HTPS, Korba West. The loan agreement was formalized at CSPGCL’s headquarters in Raipur on September 26, 2025.
IRFC’s Role and Vision
As the dedicated financing arm of the Ministry of Railways, IRFC plays a pivotal role in strengthening India’s infrastructure. Recently accorded ‘Navratna’ status, IRFC is expanding its role as a diversified infrastructure financier, supporting projects with both forward and backward linkages to railways. This includes power generation, transmission, mining, and multimodal logistics. IRFC maintains a strong asset quality track record with a zero-NPA portfolio.
Strategic Impact
The sanctioned funding will provide CSPGCL with long-term, low-cost resources, ensuring financial stability and timely project execution, ultimately benefiting the public. This support to CSPGCL exemplifies IRFC’s commitment to competitive funding for projects vital to regional growth and railway-linked infrastructure.
According to IRFC, it remains steadfast in its mission to strengthen the railway ecosystem and promote efficiency, sustainability, and energy security for the nation.
Source: BSE
