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IRFC Expands Beyond Railways, Funds DVC's Renewable Energy Projects with ₹4,200 Crore Loan
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CNBC TV18•28-09-2026, 17:48
IRFC Expands Beyond Railways, Funds DVC's Renewable Energy Projects with ₹4,200 Crore Loan
- •Indian Railway Finance Corporation (IRFC) has signed a ₹4,200 crore term loan agreement with Damodar Valley Corporation (DVC) to finance renewable energy projects in Jharkhand and West Bengal.
- •The funding will support DVC’s portfolio of floating solar, ground-mounted solar, rooftop solar, and Battery Energy Storage System (BESS) projects, utilizing existing DVC land, reservoirs, and transmission infrastructure.
- •This deal marks IRFC's expansion into clean energy infrastructure financing, aligning with its broader strategy to support sectors linked to the railway ecosystem and national development.
- •IRFC Chairman and Managing Director Manoj Kumar Dubey highlighted the importance of renewable energy for Indian Railways' goal of achieving Net Zero Carbon Emissions by 2030.
- •IRFC's financing portfolio now includes renewable energy, power, metro rail, and logistics, demonstrating its gradual expansion into diverse infrastructure sectors.
Key Questions Answered
IRFC signed a ₹4,200 crore term loan agreement with Damodar Valley Corporation (DVC) to finance renewable energy projects across Jharkhand and West Bengal.
The funding will support DVC's portfolio of floating solar, ground-mounted solar, rooftop solar, and Battery Energy Storage System (BESS) projects utilizing existing land, reservoirs, and transmission infrastructure.
IRFC Chairman and Managing Director Manoj Kumar Dubey stated that renewable energy is central to Indian Railways' goal of achieving Net Zero Carbon Emissions by 2030.
