Indian Railway Finance Corporation (IRFC), the dedicated funding arm of Indian Railways, secured a bid to extend a rupee term loan of Rs 75 billion to NTPC Green Energy Limited. Additionally, it is also lending Rs 31 billion to a thermal power generation subsidiary of NTPC. IRFC is expanding into the renewable energy sector as part of its strategy to finance industries linked to rail operations. It has also partnered with Railway Energy Management Company Limited to finance renewable energy projects awarded for supplying power to the railways. Furthermore, the company is actively exploring opportunities to fund renewable energy requirements for metro rail projects.
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