Indian Railway Finance Corporation (IRFC) has executed a Rs 2,539 crore refinancing facility for Angul Sukinda Railway (ASRL), a strategic freight corridor operator in Odisha.

The agreement was signed in New Delhi between ASRL MD Dilip Kumar Samantray and IRFC Executive Director (Finance) Deepa Kotnis, with senior officials present. ASRL, promoted by RVNL, CONCOR, the Odisha government, and private partners, operates a 113.4 km broad gauge line connecting mineral belts to coal, steel, power, and port hubs, easing congestion and improving freight efficiency.

The refinancing offers competitive rates, revenue-aligned repayment schedules, and frees resources for expansion and operational upgrades. This move enhances ASRL’s financial sustainability and strengthens regional economic growth, while boosting India’s rail freight capacity and supply chain efficiency. 

IRFC, the Ministry of Railways’ financing arm since 1986 and recently accorded ‘Navratna’ status, finances projects linked to the railway ecosystem, including power, mining, logistics, ports, and metro rail.