Indian Railway Finance Corporation (IRFC) has inked two loan agreements worth Rs 16,489 crore with Maharashtra and Haryana state utilities to fund thermal power expansion projects. The Rs 10,560 crore deal with MAHAGENCO will support Koradi’s 1,320 MW expansion, while Rs 5,929 crore with HPGCL will aid Yamunanagar’s 800 MW unit, reinforcing IRFC’s role as a diversified infrastructure financier.