IRFC Sanctions Rupee Term Loan of INR 12,640 crore to CSPGCL Raipur

Indian Railway Finance Corporation (IRFC) has sanctioned a Rupee Term Loan (RTL) of INR 12,640 crore to Chhattisgarh State Power Generation Company Limited (CSPGCL) for financing its upcoming 2x660 MW Super Critical Thermal Power Project at HTPS, Korba West. The loan agreement was signed today at CSPGCL’s headquarters in Raipur. IRFC, established in 1986, has played a pivotal role in strengthening India’s rail infrastructure and is expanding its role as a diversified infrastructure financier within the railway ecosystem. CSPGCL, incorporated in 2003, is the state-owned generation utility of Chhattisgarh with an installed capacity of over 2,600 MW. The sanctioned funding will provide CSPGCL with long-term, low-cost resources for project implementation, ensuring financial stability and timely execution of this critical project.