SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IRFC emerges as lowest bidder to finance Rs 3,167 crore for Jharkhand mine

15 Jan 2025 Evaluate

Indian Railway Finance Corporation (IRFC) has emerged as the L1 bidder for financing Rs 3,167 crore for the development of the Banhardih Coal Block in Latehar District, Jharkhand. This project is being undertaken by Patratu Vidyut Utpadan Nigam (PVUNL), a joint venture between NTPC (74% equity stake) and Jharkhand Bijli Vitran Nigam (26% equity stake). The Banhardih Coal Block has been allocated to PVUNL as a captive coal source. Coal from the block will be transported to Chetar Station via Mine-Gain-Rail (MGR) and then to PVUNL's project site using Indian Railways.

The proposal is subject to further due diligence and approval of Board of Directors and finalisation of detailed sanctioned terms with PVUNL.

Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.

Indian Railway Fin. Share Price

104.85 1.61 (1.56%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 464.85
REC 373.35
Indian Railway Fin. 104.85
NHIT 151.00
Satin Creditcare 174.75
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×