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Indian Railway Finance Corporation (IRFC) has executed a refinancing facility of up to Rs 1,125 crore for Bhartiya Rail Bijlee Company (BRBCL), a joint venture of NTPC (74%) and Ministry of Railways (26%).
The refinancing support extended by IRFC will help reduce BRBCL's financing costs, thereby strengthening its financial position while also lowering the cost of electricity supplied to Indian Railways. This creates a win-win outcome – improving BRBCL's bottom line and directly benefiting the Ministry of Railways both as an equity holder and as the ultimate customer.
BRBCL, incorporated in 2007, operates the 1,000 MW Nabinagar Thermal Power Project (4x250 MW) in Bihar. The plant supplies power under a long-term PPA, with 90% of its capacity dedicated to Indian Railways and 10% to Bihar State Electricity Board, under cost-plus tariff regulated by CERC.
Indian Railway Finance Corp.'s principal business is to borrow funds from the financial markets to finance. The Government of India held an 86.36% stake in the company as of 30 June 2025.
The company’s standalone net profit rose by 10.70% to Rs 1,745.69 crore in Q1 FY26 as against Rs 1,576.83 crore posted in Q1 FY25. Total revenue from operations increased by 2.21% year-on-year (YoY) to Rs 6,915.38 crore in the quarter ended 30 June 2025.
The scrip rose 0.16% to Rs 127 on the BSE.
Indian Railway Finance Corporation (IRFC) has sanctioned and executed agreements for a fresh term loan facility of Rs 199.70 crore with Surat Integrated Transportation Development Corporation (SITCO) to support the development of the Surat Multi-Modal Transport Hub (MMTH).
Surat Integrated Transportation Development Corporation Limited (SITCO)—a joint venture of the Ministry of Railways and Government of Gujarat —is developing India's first international standard Multi-Modal Transport Hub (MMTH) at Surat. The project will integrate rail, metro, BRTS, city and regional buses, and intermediate transport modes like autos and taxis, while also upgrading passenger amenities and station infrastructure.
Indian Railway Finance Corporation (IRFC) has extended financing support to SITCO for the construction of components of the Surat MMTH. This intervention strengthens the project's financial viability and ensures its long-term sustainability. The funding will accelerate the timely execution of the project while contributing to regional economic growth and enhancing India's transport infrastructure capacity.