Power Finance Corporation (PFC) has approved a term loan of ₹ 3,516.68 crore to Chhattisgarh East Railway Limited (CERL), which is for the East Rail Corridor Project. The project is aimed at increasing coal transport capacity and improving connectivity with thermal power plants of the region, which is expected to contribute significantly to India’s energy infrastructure.
The loan agreement was officially signed on 28 March 2025 at the Corporate Office of PFC, with senior officials of PFC and CERL. The senior leadership of PFC included Mr. HK Das (Executive Director), Mr. V. Pakkirisamy (Executive Director), Mr. Praveen Verma (Chief General Manager), Mr. Nitin Kumar (General Manager), and Mr. Ranjan Chaudhary (General Manager). Mr. Ravi Valluri (CEO) and Mrs. Priyanka Tanna (CFO) from CERL were also present on the occasion.
The East Rail Corridor project will play an important role in increasing the capabilities of coal transport, which will ensure uninterrupted supply of coal in thermal power plants and will help to meet the needs of regional energy. This project will improve the infrastructure required for transporting coal, which is an important resource for energy production.
This financial support of PFC is another step towards strengthening its role in energy sector and developmental projects. This financial assistance will help in the development of the rail corridor, which is likely to have a long -term positive impact on the coal industry and energy sector.
With this significant financial contribution, PFC continues to invest in large infrastructure projects to play an important role in the progress and development of the country, especially in energy and transport sectors.
