The detailed project report (DPR) for the Kovvur-Bhadrachalam railway line is now complete, with an estimated cost of Rs 1,695.71 crore. 

The proposed 118.9 km line will be fully funded by the Indian Railways. It is a crucial infrastructure project that will connect towns like Sathupalli and Kovvur, significantly reducing the travel distance between Visakhapatnam and Hyderabad by approximately 100 km. 

The project is expected to enhance both passenger and freight connectivity, fostering economic development along the new route.

The refinancing offers competitive rates, revenue-aligned repayment schedules, and frees resources for expansion and operational upgrades. 

This move enhances ASRL’s financial sustainability and strengthens regional economic growth, while boosting India’s rail freight capacity and supply chain efficiency.

IRFC, the Ministry of Railways’ financing arm since 1986 and recently accorded ‘Navratna’ status, finances projects linked to the railway ecosystem, including power, mining, logistics, ports, and metro rail.