EnergyINVESTApproved
IRFC signs ₹4,200 crore term loan agreement with DVC for renewables in Jharkhand and West Bengal
New Delhi, Delhi28 Sept 2026
Indian Railway Finance Corporation (IRFC) signed a ₹4,200 crore term loan agreement with Damodar Valley Corporation (DVC) to finance DVC’s renewable energy portfolio, including floating solar, ground-mounted solar, rooftop solar and Battery Energy Storage System (BESS) projects across Jharkhand and West Bengal. The agreement was signed in New Delhi, according to the report.
Why it matters
The committed financing enables DVC to fund and advance renewable generation and storage projects that can supply additional clean electricity for regional demand, including railways’ energy needs.
Indian Railway Finance Corporation (IRFC)Damodar Valley Corporation (DVC)