Angul Sukinda Railway Limited, promoted by Rail Vikas Nigam Limited (RVNL), Container Corporation of India Ltd (CONCOR), the government of Odisha and private partners, operates a crucial 113.4 km broad gauge railway line in Odisha that connects mineral-rich belts to major coal, steel, power, and port facilities.
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The line serves as a strategic freight corridor, enabling faster and more efficient transportation of coal, iron ore, steel, and other key commodities, thereby reducing congestion on existing routes and improving supply chain efficiency for industries in the region.The refinancing package from IRFC provides customised financial support through more competitive financing terms, a repayment structure aligned with the project’s actual revenue cycles. These measures not only improve ASRL’s capacity to meet its financial commitments but also free up resources for expansion, capacity enhancement, and operational improvements.
This intervention is expected to make the project further viable in the long run, ensuring it continues to contribute significantly to regional economic growth and the country’s rail freight capacity.
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IRFC Chairman and Managing Director said, “IRFC is the one-stop dedicated financier for all project requirements in the railway ecosystem, with forward and backward linkages. We are committed to providing competitive financing solutions that create a win-win for all stakeholders, while supporting nation-building and strengthening India’s ever-growing logistics and infrastructure backbone, with railways at its core.”
Shares of Indian Railway Finance Corp Ltd ended at ₹126.90, up by ₹1.65, or 1.32%, on the BSE.
