IRFC Wins Lowest Bid to Fund ₹3,167 Crore Jharkhand Coal Mine Project
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 Latehar District, Jharkhand. This major project is set to boost the coal mining sector in India, with IRFC playing a crucial role in providing the necessary funding. The coal block is expected to contribute significantly to India's energy production, with the funding from IRFC facilitating its development. This move is likely to have a positive impact on the Indian economy, particularly in the infrastructure and energy sectors, driving growth and development. Key terms like coal mining, infrastructure financing, and energy production are likely to be affected.
