Press Release

gil RE rty q7TUT<\ ¥Iri fas uTcatTTEi5TTfflRE,di3tlteL659ioDLi986G01026363] qfty FTrfu tff twh, fr atT, qiRE tan, iflq ffiiTTF3 If, in friR,an ds, T€ fan _ 1 1 00 03 g{rmq +9iJ)11-2436i48o €-fu info@irfcco ln,ang httos,//ilfc.co in INDIAN RAILWAY FINANCE CORPORATION LTD. (,L\ Go\ eriiiiient of liidia Eiiterprise) (C[N: I_65910DL 1986G01026363) Regil Ofhce UG Floor, [t`st To``i`r, ^\BCC r'Iace, Bhisham Pi[cimcih M{iig, Prc`g{1li Vihclr, Loillu Road, \'i`\\' Di`1]ii -I 10003 Phoni` +91-011-24361480 E-mall: infc>©irfc.co.in T\'ebsite. hltps:/ / irfc{`o.in/ No: IRFC/SE/2026-27/47 28th September 2026 Sub: Press Release -"IRFC sins Rs 4.200 crore Loan Agreement with DVC for Renewable EnerEIV Protects" Sir/ Madam, Please find enclosed herewith a copy of press release on "IRFC signs Rs 4,200 crore Loan Agreement with DVC for Renewable Energy Projects " Thanking Yoil, For Indian Railway Finance Corporation Limited (Vijay Babulal Shirode) Company Secretary & Compliance Office Enclosure: As Above 'NDIN RAILWAY FINANCE COFZPORATION Press Release Future on Track lRFC signs Rs 4,200 crore loan agreement with DVC for renewable energy projects. Navratna CPSE signs term loan agreement with Damodar Valley Corporation for renewable energy projects across Jharkhand and West Bengal Financing strengthens lRFC's role as a long-term partner for rallway-linked clean energy Infrastructure and supports lndlan Railways Net Zero Carbon Emissions target by 2030 New Delhi, September 28, 2026: Indian Railway Finance Corporation Limited (lRFC), a Navratna Central Public Sector Enterprise under the Ministry of Railways, has taken another significant step in its strategic expansion and diversification with the signing of a Rs 4,200 crore Term Loan Agreement with Damodar Valley Corporation (DVC) to finance Its renewable energy projects across Jharkhand and West Bengal. The transaction marks an important milestone in lRFC's evolving role as a diversified Infrastructure financier, extending its established long-term financing capabilities to the clean energy ecosystem while remaining closely aligned with the broader railway ecosystem. The loan agreement was signed in New Delhi in the presence of senior officials of lRFC and DVC, led from DVC by Manish Kumar, Member (Finance), DVC, and Manoj Kumar Dubey, Chairman & Managing Director, lRFC. The financing will support DVC's portfolio of floating solar, ground-mounted solar, rooftop solar and Battery Energy Storage System (BESS) projects, leveraging its existing land, reservoirs and transmission infrastructure. IF`FC, C,MD, Dubey, sa.id, "Renewable energy is no longer peripheral to the Railways; it is at the core of Indian Railways' journey towards Net Zero Carbon Emissions by 2030. Through this Rs 4,200 crore financing to DVC, lRFC is extending its long-term financing capability to the clean energy infrastructure that will power lndia's future. This is IRFC 2.0 in action -strategic diversification that remains firmly connected to the Rallways ecosystem and to the natlon's larger development priorities." "This partnership with DVC demonstrates how lRFC can bring long-term capital to renewable energy infrastructure that supports the Railways' growing energy requirements while contributing to a greener, more sustainable and future-ready India," Dubey added. The transaction thus extends lRFC's financing capabilities into clean energy infrastructure that complements Its core railway financing mandate, while supporting the broader transition towards a sustainable energy ecosystem. The DVC transaction marks another important step in lRFC's calibrated diversification into strategic railway-linked infrastructure sectors, building on its established strength in providing long-term financing. lNOIAN RAJLWAY FINANCE CORPORATION Future on Track Press Release lRFC's expanding financing portfolio Includes sectors such as renewable energy, power, metro rail, logistics and other Infrastructure with strong linkages to national development prloritles The transaction demonstrates lRFC's ability to mobilise long-term capital for nationally Important railway linked infrastructure, bringing together Its core financing strengths with emerging requirements in clean energy and sustainable Infrastructure. About lRFC Indian Railway Finance Corporation Ltd. is a Ivavrafna Central Public Sector Enterprise under the Ministry of Railways and the dedicated market borrowing arm of Indian Railways Leveraging its strong credit profile and established market presence, lRFC provides financing support for railway expansion, modernisatlon and strateglc infrastructure development, while expanding into infrastructure sectors having forward and backward linkages with the railway ecosystem Media Contact: Ranvijai Slngh: +91-9910497911 Divyansh Upadhyay: +91-7065760363 Follow us on social media handles: X: IRFC 1986 Linkedln: Indian Railwa Finance Cor oration lnstagram: CMD IRFC Facebook: Indian Railwa Finance Cor oration Website: www.irfc.co.in