IRFC executes refinancing facility of ₹1,125 crore for Bhartiya Rail Bijlee Company

Indian Railway Finance Corporation (IRFC) has executed a refinancing facility of up to ₹1,125 crore for Bhartiya Rail Bijlee Company Limited (BRBCL), a joint venture of NTPC Ltd. (74%) and Ministry of Railways (26%).The loan agreement was signed today at BRBCL’s Nabinagar office between Sunil Goel, CGM (BD), IRFC and Deepak Ranjan Dehuri, CEO, BRBCL, in the presence of senior officials from both organisations, the company said.

The refinancing support extended by IRFC will help reduce BRBCL’s financing costs, thereby strengthening its financial position while also lowering the cost of electricity supplied to Indian Railways. This creates a win-win outcome – improving BRBCL’s bottom line and directly benefiting the Ministry of Railways both as an equity holder and as the ultimate customer.”IRFC is committed to providing innovative and competitive financing solutions that create a winwin for all stakeholders in the railway ecosystem. This refinancing of BRBCL demonstrates IRFC’s continued support to the Indian Railways, true to the very reason for which IRFC was set up – to provide reliable financial support to the Indian Railways.. Building on this legacy, IRFC is now extending its support to entities within the railway ecosystem, ensuring long-term synergies, cost effectiveness, and financial sustainability for the sector,” said IRFC Chairman & Managing Director.

Shares of Indian Railway Finance Corp Ltd. are currently trading 0.66% lower on Thursday at ₹125.89. The stock is down 16% so far in 2025.