IREDA

IREDA’s Partnership with EV Financing NBFC Mufin Green

Mufin Green Finance Ltd– has forged a partnership with Indian Renewable Energy Development Agency Limited (IREDA) with an aim to EV penetration thrive in India. IREDA is a Mini Ratna (Category – I) Government of India Enterprise under the Ministry of New and Renewable Energy (MNRE). It is engaged in promoting, developing and extending financial […]

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IREDA Inks Rs. 4,445 Cr Loan Pact with SJVN Green Energy for 1 GW Solar Power Project

The Indian Renewable Energy Development Agency Ltd. (IREDA) has joined hands with SJVN Green Energy Ltd. (SGEL, a subsidiary of SJVN Ltd.) for a 1,000 MW Solar power project at Bikaner, Rajasthan. The agreement is worth Rs. 4,444.71 crore.  The project funded by IREDA will connect to 400/220 KV substation Bikaner-II (near Bikaner). The project […]

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NLC India Strives for 6 GW Renewables Capacity at Decade-End

India’s public sector is bullish on the renewable energy segment; all credit to government efforts and the deep pockets of the enterprises. In a fresh development, NLC India Ltd – a state-owned enterprise formerly called Neyveli Lignite Corporation – is now looking to swell up its renewable energy generation capacity to more than 6 GW […]

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IREDA Profit Jumps 67% In September Quarter

The Indian Renewable Energy Development Agency (IREDA), a government undertaking that comes under the Ministry of New & Renewable Energy (MNRE), has announced its audited financial results for the second quarter that ended September 30, 2022 and has held that its profits have soared well above 67 per cent in the said financial quarter. IREDA […]

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MNRE Appoints REC GM to The Position of Director (Finance) at IREDA

In a formal announcement made recently, Bijay Kr Mohanty has been chosen for the job of Director (Finance) at IREDA by a Search-cum-Selection Committee established by the Ministry of New and Renewable Energy (MNRE).  Following an interview, the committee selected Mohanty from a list of four shortlisted candidates. Ajay Mathur, Chief GM, REC Ltd, Gurugram; […]

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IREDA CMD Sees Potential For a Million Renewable Jobs By 2030

Pradip Kumar Das, the Chairman & Managing Director at IREDA (India Renewable Energy Development Agency), one of the earliest and largest renewables focused financial institution, said one can anticipate a million jobs in the renewable energy sector by 2030. Das was speaking at a programme on Renewable Energy Management for cooperatives organised by the Centre […]

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IREDA to raise MSME participation in renewable energy by offering more loans

The Indian Renewable Energy Development Agency (IREDA) has announced that it is committed to heighten the participation of Micro, Medium and Small Enterprises (MSMEs) in the green energy sector by offering more loans. The announcement was made by its Chairman and Managing Director Pradip Kumar Das while speaking at the MSME Banking Conclave 2022. The […]

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BluSmart raises $50 million to expand its electric car fleet

BluSmart, an electric ride-hailing platform from the promoters behind Renewable firm Gensol, has announced that it has raised $50 million and it will utilize the funds to purchase 5,000 more electric cars in order to scale up its electric vehicle hubs. The funds raised comprise a mix of equity and venture debt. BluSmart calls itself […]

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IREDA sanctions Rs 14,000 cr for RE projects in Maharashtra

Renewable energy projects finance company and government owned – Indian Renewable Energy Development Agency Limited (IREDA) – has announced that it has sanctioned loans of Rs 14,445 crore and has already disbursed more than Rs 10,000 crore in Maharashtra for renewable energy projects. IREDA and Mahratta Chamber of Commerce Industries and Agriculture (MCCAI) conducted a […]

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