New Delhi: In a strategic financial intervention, the Indian Railway Finance Corporation (IRFC) has executed a refinancing facility of ₹2,539 crore for Angul‑Sukinda Railway Limited (ASRL), a key Special Purpose Vehicle (SPV) managing an important freight corridor in Odisha. The loan agreement was signed today at the IRFC headquarters in New Delhi by Mr. Dilip Kumar Samantray, Managing Director of ASRL, and Ms. Deepa Kotnis, Executive Director (Finance) of IRFC, in the presence of senior officials from both organizations Motilal Oswal+13NSE India Archives+13India Rail Info+13.
Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has earned ‘Navratna’ status and is diversifying its mandate. The corporation now supports projects with both forward and backward linkages to the railway ecosystem—spanning sectors such as power, mining, warehousing, metro systems, freight corridors, ports, and logistics—all while maintaining a zero‑NPA portfolio Indian Masterminds+3NSE India Archives+3Construction World+3.
ASRL, promoted by Rail Vikas Nigam Limited (RVNL), Container Corporation of India Ltd. (CONCOR), the Government of Odisha, and private partners, manages a 113.4 km broad gauge railway line in Odisha. This corridor connects mineral-rich zones to coal, steel, power, and port facilities—streamlining transportation of coal, iron ore, and steel, while decongesting existing railway routes and improving supply chain efficiency The New Indian Express+9NSE India Archives+9Construction World+9.
The refinancing package offers competitive financing terms and a repayment schedule aligned with the project’s actual revenue cycles. This tailored financial structure is expected to bolster ASRL’s financial stability, unlock capacity for expansion, and support operational enhancements—thereby strengthening the long-term viability of this critical freight corridor India Rail Info+5NSE India Archives+5Construction World+5.
IRFC’s Chairman and Managing Director emphasized that IRFC aims to be the “one‑stop dedicated financier for all project requirements in the railway ecosystem,” reinforcing the organization’s commitment to facilitating India’s infrastructure growth through efficient and stakeholder-friendly financial solutions Instagram+5NSE India Archives+5Construction World+5.
