Indian Railway Finance Corporation (IRFC) has signed a loan agreement with Maharashtra State Power Generation Company (MAHAGENCO) at its Corporate Office in New Delhi for financing of up to Rs 10,560 crore towards the upcoming 2x660 MW supercritical expansion project at Koradi Thermal Power Station (TPS), Nagpur.
The project, being implemented on the site at Koradi, is of strategic importance in ensuring reliable power supply to Maharashtra's industrial and agricultural consumers. With this expansion, MAHAGENCO will add 1,320 MW of modern supercritical capacity, replacing older, less efficient units. This financial support from IRFC will ensure smooth execution of the Koradi expansion.
The partnership also carries strong forward and backward linkages with Indian Railways. MAHAGENCO has executed multiple long-term Tripartite Agreements (TPAs) with Indian Railways for transportation of coal to its various power stations. Substantial operational and capital expenditure is incurred annually on coal freight, wagon handling, and associated logistics, contributing significantly to Indian Railways' freight revenues.
Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.
| 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.. | |
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.
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.
MoneyWorks4Me ensures this through: