IRFC Wins Bid to Finance ₹3,167 Crore Jharkhand Coal Mine Project
2025-01-14
cnbctv18
In a significant development, Indian Railway Finance Corporation Ltd (IRFC) has emerged as the lowest bidder to finance ₹3,167 crore for the development of the Banhardih coal block in Jharkhand's Latehar District. This major coal mine project is expected to boost the region's economic growth and increase coal production. With IRFC's financial backing, the project is likely to gain momentum, creating new opportunities for the energy sector. The funding will also support the government's initiatives to enhance coal mining and railway infrastructure, driving economic development in the region. Key players in the industry are likely to benefit from this move.
