Rs 4,200 crore term loan agreement signed with DVC for renewable energy projects
IRFC has signed a Rs 4,200 crore Term Loan Agreement with Damodar Valley Corporation (DVC) to finance renewable energy projects in Jharkhand and West Bengal — floating solar, ground-mounted and rooftop solar.
By ScoutQuest · · 1 min read
- Term Loan Agreement Amount
- Rs 4,200 crore
- Borrower
- Damodar Valley Corporation (DVC)
- Project Focus
- Renewable energy projects including floating solar, ground-mounted solar, rooftop solar, and Battery Energy Storage Systems
- Geographic Coverage
- Jharkhand and West Bengal
- Strategic Intent
- IRFC diversification into railway-linked clean energy infrastructure supporting Indian Railways' Net Zero Carbon Emissions target by 2030
What was announced
Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has signed a Rs 4,200 crore Term Loan Agreement with Damodar Valley Corporation (DVC).
Where the money goes
- Renewable energy projects of DVC across Jharkhand and West Bengal.
- Portfolio covers floating solar, ground-mounted solar, rooftop solar and Battery Energy Storage System (BESS) projects.
- DVC will leverage its existing land, reservoirs and transmission infrastructure.
Signing
The agreement was signed in New Delhi in the presence of senior officials of both, led from DVC by Manish Kumar, Member (Finance), and from IRFC by Manoj Kumar Dubey, Chairman & Managing Director.
Why it matters
IRFC is the dedicated market borrowing arm of Indian Railways. The company frames this transaction as "IRFC 2.0" — extending its long-term lending capability into clean energy infrastructure while staying linked to the railway ecosystem, and supporting Indian Railways' Net Zero Carbon Emissions target by 2030.
IRFC says its expanding financing portfolio now includes renewable energy, power, metro rail, logistics and other infrastructure with linkages to national development priorities.
For investors
This is a lending commitment, adding to IRFC's asset book outside its traditional railway rolling stock financing. Interest rate, tenure and disbursement schedule terms were not part of this release.
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More numbers
- Term loan agreement size with DVCRs 4,200 crore
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