IRFC Wins Bid to Finance ₹3,167 Crore Jharkhand Coal Mine Project
2025-01-14
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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 significant investment is expected to boost the region's economic growth and coal production. With IRFC's financing, the project is poised to create new employment opportunities and stimulate local economic development. The coal mining sector is a key contributor to India's energy landscape, and this project will play a crucial role in meeting the country's growing energy demands. IRFC's involvement underscores its commitment to supporting infrastructure development and coal mining projects in India.
