New Delhi, April 04: PFC has sanctioned a term loan to Chhattisgarh East Railway Limited (CERL) for implementing the East RailCorridor Project in Chhattisgarh. CERL is a joint venture company of South Eastern Coalfields Limited (SECL), IRCON, and Chhattisgarh State Industrial Development Corporation Limited (CSIDCL).
The under-construction railway project is being developed primarily for the purpose of transporting coal from multiple coal mines in the vicinity and connecting them to thermal power plants.
The loan documents for a term loan amounting to Rs. 3,516.68 crore were executed on March 28, 2025, at PFC’s corporate office in the presence of H K Das, ED (Projects), V. Packirisamy, ED (EA), Praveen Verma, CGM (L&D), Nitin Kumar, GM & HOU (Projects), and Ranjay Choudhary, GM & HOU (EA) from PFC and Ravi Valluri, CEO and Priyanka Tanna, CFO from CERL.
