Indian Railway Finance Corporation (lRFC) has signed Rs 4,200 crore Term Loan Agreement with Damodar Valley Corporation (DVC) to finance its renewable energy projects across Jharkhand and West Bengal. The transaction marks an important step in lRFC's evolving role as a diversified Infrastructure financier, extending its established long-term financing capabilities to the clean energy ecosystem while remaining closely aligned with the broader railway ecosystem.
The financing will support DVC's portfolio of floating solar, ground-mounted solar, rooftop solar and Battery Energy Storage System (BESS) projects, leveraging its existing land, reservoirs and transmission infrastructure. The transaction thus extends lRFC's financing capabilities into clean energy infrastructure that complements its core railway financing mandate, while supporting the broader transition towards a sustainable energy ecosystem.
The transaction demonstrates lRFC's ability to mobilise long-term capital for nationally Important railway linked infrastructure, bringing together its core financing strengths with emerging requirements in clean energy and sustainable Infrastructure.
Indian Railway Finance Corporation is the dedicated market borrowing arm of the Indian Railways.
