PFC approves ₹3,517 crore loan for Chhattisgarh East Railway Limited (CERL) to develop East Rail Corridor Project, enhancing coal transportation from mines to thermal power plants Pfc Chhattisgarh Loan With this funding from PFC, the project is set to accelerate, ensuring timely completion and improved efficiency in coal logistics.
Raipur, India – Power Finance Corporation (PFC), a leading financial institution in India’s power sector, has sanctioned a ₹3,517 crore loan for the development of the East Rail Corridor in Chhattisgarh. The project, aimed at enhancing coal will provide a sustainable, cost-effective, and transportation and boosting regional connectivity, is a crucial step in strengthening the state’s railway infrastructure.
Project Overview
The East Rail Corridor is a multi-phase railway network designed to improve the transportation of coal from Chhattisgarh’s mineral-rich regions to various power plants and industrial hubs. The project is being implemented by Chhattisgarh East Railway Limited (CERL), a joint venture between South Eastern Coalfields Limited (SECL), Indian Railways, and the Government of Chhattisgarh.
- Importance of the East Rail Corridor
Chhattisgarh is one of India’s largest coal-producing states, supplying coal Seamless coal evacuation from Korba, Mand-Raigarh, and Gare Palma coalfields Integration with major railway networks to facilitate nationwide coal distribution. Construction of approximately 135 kilometers of railway lines to major power plants across the country. The development of the East Rail Corridor will Construction.
- Enhance coal transportation efficiency, reducing bottlenecks of approximately 135 Increased freight capacity, reducing dependency on road transport kilometers of railway line Increased freight capacity, reducing dependency on road transport by ensuring uninterrupted coal supply for coal-based industries by shifting coal transport from road to rail The improved railway connectivity is expected to benefit power plants, cement factories, and steel industries, further strengthening India’s energy security.
PFC’s Role in Infrastructure Financing
As a leading financial institution, PFC has been actively supporting critical infrastructure projects in the power and energy sectors. The ₹3,517 crore loan is part of PFC’s broader commitment to financing energy-related infrastructure, ensuring smooth coal supply chains, and promoting efficient power generation.
PFC Chairman and Managing Director, [Name], stated, “This funding for the East Rail Corridor aligns with our mission to support India’s energy security. By facilitating The East Rail Corridor is expected to have significant economic and environmental benefits, including efficient coal transportation, we are contributing to reliable power generation and economic growth.
Economic Growth: Increased coal supply will help industries operate at full capacity, creating jobs and boosting industrial output The construction and operation of the corridor will generate direct and indirect employment for local communities Rail-based coal transport is more sustainable, leading to lower emissions compared to road transportation.
- Improved Supply Chain Efficiency: Enhanced logistics will ensure power plants receive coal is being implemented on time, reducing electricity production disruptions While the project is progressing steadily, certain challenges remain, such as However, with PFC’s financial support and a structured execution plan, authorities are optimistic about completing the corridor within the next three to four years.
The ₹3,517 crore loan from PFC marks a significant step in the development of Chhattisgarh’s East Rail Corridor, ensuring enhanced coal transportation, improved power generation, and strengthened industrial growth. By financing such projects, PFC continues to play a pivotal role in India’s infrastructure expansion, contributing to the nation’s economic and energy security goals.
Significant economic and environmental benefits, including efficient coal transportation, we are contributing to reliable power generation and economic growth With its completion, the corridor will provide a sustainable, cost-effective, and efficient coal transport solution, benefiting industries, power plants, and local communities.
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