IRFC sanctions ₹1,000 crore loan to Maharashtra power utility in first FY27 deal

Indian Railway Finance Corporation (IRFC) Ltd. has sanctioned and disbursed a ₹1,000 crore term loan to Maharashtra State Power Generation Company Ltd. (MAHAGENCO), marking its first funding transaction of the new financial year.In an exchange filing on Monday, April 6, the Navratna PSU said the disbursement reflects its continued push to expand beyond railways into allied infrastructure sectors, including power and energy.

The development follows closely on the company’s recent ₹12,842 crore loan agreement with Hindustan Urvarak & Rasayan Ltd., highlighting its growing presence as a diversified infrastructure financier.
Also read: Waaree Energies commissions 3000 MW solar module facility in Gujarat
Calling it a strong start to the year, IRFC Chairman and Managing Director Manoj Kumar Dubey said the transaction signals “confidence, continuity, and commitment” in its partnerships.Originally set up in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has in recent years expanded its lending portfolio to sectors such as power generation, transmission, mining, logistics, and urban transport, while continuing to support railway infrastructure.

The company said it will continue to deepen its engagement across infrastructure segments while maintaining financial discipline.

MAHAGENCO, Maharashtra’s largest power generation utility, is expected to use the funds to strengthen its operational capabilities and support electricity supply in the state.

IRFC also highlighted that it continues to maintain a zero non-performing asset (NPA) profile, even as it scales up lending across sectors.

Shares of the company ended 1.15% higher at ₹92.90 ahead of the announcement on Monday. The stock has declined about 26% this year.