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IRFC Emerges L1 Bidder to Finance ₹3,167 Crore for Banhardih Coal Block

Synopsis:

IRFC emerged as the L1 bidder to finance ₹3,167 crore for the Banhardih Coal Block in Jharkhand. The project, undertaken by PVUNL, supports NTPC’s operations.

IRFC news today

Indian Railway Finance Corporation Ltd (IRFC) has emerged as the lowest (L1) bidder to finance ₹3,167 crore for the Banhardih Coal Block project in Jharkhand’s Latehar district. The project, developed by Patratu Vidyut Utpadan Nigam Limited (PVUNL), aims to ensure a steady coal supply to PVUNL’s power generation units via rail transport, bolstering operational efficiency.

Also read: Cipla’s Tax Demand Reduced to ₹559.18 Crores After Revision

INDIAN RAILWAY FIN CORP L

Trade

128.8-4.61 (-3.45 %)

Updated - 25 April 2025
134.14day high
DAY HIGH
126.22day low
DAY LOW
30370205
VOLUME (BSE)

Key Takeaways

  • Project Cost: ₹3,167 crore allocated for coal block development.

  • Developer: Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a joint venture of NTPC and Jharkhand Bijli Vitran Nigam.

  • Coal Transportation: Utilises Mine-Gain-Rail (MGR) and Indian Railways for delivery.

Also read: Govt Plans 5-6% Hike in Highway Budget for FY26 After FY25 Slump

Project Overview And IRFC’s Role

The Banhardih Coal Block has been allocated to PVUNL as a captive coal source. The coal will be transported to Chetar station via MGR and subsequently to PVUNL’s project site using Indian Railways. IRFC’s involvement as a financier underscores its strategic role in India’s infrastructure development, particularly in energy and rail transport sectors.

Table: Key Details of Banhardih Coal Block Project

Aspect

Details

Project Cost

₹3,167 crore

Developer

PVUNL (JV of NTPC and Jharkhand Bijli Vitran Nigam)

Coal Transportation

MGR to Chetar Station, then Indian Railways

IRFC Share Price

₹135.75 (+5.72% on BSE)

Impact On IRFC Share Price

Following the announcement, IRFC share price rose by 5.72%, reflecting investor confidence in the company’s role in large-scale infrastructure projects. This development strengthens IRFC’s financial profile and enhances its contribution to national growth.

IRFC’s L1 bidder status for the Banhardih Coal Block project highlights its growing involvement in India’s infrastructure and energy sectors. The project’s successful implementation will support coal transportation efficiency while positively impacting IRFC share price and investor sentiment.

Also read: Delhi Court Discharges JSW Steel in Corruption Case; HC Clears Monnet Takeover

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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