PFC Sanctions ₹3,517 Cr Loan for Chhattisgarh's East Rail Corridor

State-owned Power Finance Corporation (PFC) has approved a ₹3,517 crore loan for Chhattisgarh East Railway Limited (CERL) to develop the East Rail Corridor Project in Chhattisgarh.

CERL, a joint venture of South Eastern Coalfields Limited (SECL), IRCON, and Chhattisgarh State Industrial Development Corporation (CSIDCL), is constructing the railway corridor to enhance coal transportation from multiple mines to thermal power plants.