Rs 2,539-Crore Refinancing Deal Signed for Angul–Sukinda Rail Project
Key freight corridor to boost mineral transport and reduce road congestion in Odisha
Bhubaneswar: A refinancing agreement worth Rs 2,539 crore has been signed with the Indian Railway Finance Corporation (IRFC) for the Angul–Sukinda rail project. The agreement was inked by project Managing Director Dillip Kumar Samantaray and IRFC Executive Director Deepa Kotnis.
The 113.4-km Angul–Sukinda rail link is being implemented through a Special Purpose Vehicle (SPV) comprising Rail Vikas Nigam Limited (RVNL), Container Corporation of India Limited (CONCOR), the Government of Odisha, and private stakeholders.
Designed as a vital freight corridor, the project will connect two major industrial and mining belts of Odisha. It aims to facilitate the smooth transportation of coal, iron ore, steel, and other raw materials, while significantly easing traffic congestion on road networks.
Once operational, the rail link is expected to enhance logistics efficiency, reduce transportation costs, and support sustainable economic growth in the state’s mineral-rich regions.
