The Indian Railway Finance Corporation (IRFC) implemented a refinancing facility of up to Rs 11.25 billion for Bhartiya Rail Bijlee Company Limited (BRBCL)- a joint venture (JV) between National Thermal Power Corporation (NTPC) Limited (74 per cent) and the Ministry of Railways (MoR) (26 per cent).
This move is expected to lower BRBCL’s financing costs and, in turn, reduce the cost of electricity supplied to the Indian Railways (IR) network.