PFC
has sanctioned Rs 3,517 crore worth of loan to Chhattisgarh East Railway
Limited (CERL) for implementing the East Rail Corridor Project in Chhattisgarh.
CERL is a joint venture of South Eastern
Coalfields Limited (SECL), IRCON, and Chhattisgarh State Industrial Development
Corporation Limited (CSIDCL), PFC said in a statement. The loan documents
for a term loan amounting to Rs 3,516.68 crore were executed on March 28, 2025,
PFC said. The under-construction railway project is being developed primarily
for transporting coal from multiple coal mines in the vicinity and connecting
them to thermal power plants.
Under Ministry of Power, PFC
is a nodal agency for development of Integrated Power Development Scheme, Ultra
Mega Power Projects and Bid Process Coordinator for Independent Transmission
Projects.