Indian Railway Finance Corporation Limited (IRFC), a Navratna central public sector enterprise under the Ministry of Railways, has signed a Rs 42 billion term loan agreement with Damodar Valley Corporation (DVC).
The loan will be utilised to finance renewable energy projects across Jharkhand and West Bengal. Moreover, the loan will finance DVC’s floating solar, ground-mounted solar and rooftop solar projects, along with battery energy storage system projects. These projects will make use of DVC’s existing land, reservoirs and transmission infrastructure.
