Indian Railway Finance Corporation (IRFC) has extended loan assistance of Rs 3,388.51 crore to Patratu Vidyut Utpadan Nigam (PVUNL), a subsidiary of NTPC, for the development of the Banhardih Coal Block in Latehar district, Jharkhand.
PVUNL, incorporated as a joint venture between NTPC (74%) and Jharkhand Bijli Vitran Nigam (JBVNL) (26%), is setting up a 4,000 MW coal-based thermal power project at Patratu in two phases. The Banhardih captive coal block, with estimated reserves of around 956 million tonnes, has been allocated to PVUNL for end use in this project. Coal from this block will be transported through the Indian Railways network, reinforcing the strong forward and backward linkage of the project with the railway sector.
Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.
