The Indian Railway Finance Corporation (IRFC) has sanctioned a 1,000-crore loan to a Maharashtra power utility company for the upcoming fiscal year (FY27). This move aims to support the power sector in Maharashtra.

IRFC has extended a Rs 1,000 crore term loan to Maharashtra's largest power utility, MAHAGENCO, marking a diversification of its portfolio beyond the railways sector. Remarkably, this move maintains IRFC's record of zero non-performing assets and financial discipline.

Jubilant FoodWorks saw a 19% year-on-year increase in Q4 revenue, while Godrej Consumer projects double-digit sales growth ahead. Meanwhile, IRFC granted a loan of Rs. 1000 crores, and Aurobindo Pharma reported successful Phase 3 trials for biosimilar BP11.

IRFC successfully obtains low-interest loans, matching government security rates, and plans to secure competitive edge in metro financing over the next five fiscal years, aiming for growth up until FY27.

The Infrastructure Leasing & Financial Services (IRFC) has seen an increase in demand for rail funding, leading to a boost in their growth trajectory, indicating a positive momentum in the rail sector.