loans

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IREDA’s Q4 FY 2025 Profits Up 49% as Non-Performing Assets Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 49% year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 16, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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IREDA’s FY 2025 Loan Approvals Grow 27% YoY

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has announced a 27% rise in loan approvals for the financial year (FY) 2025, as per...

April 1, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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IREDA Raises ₹9.1 Billion Through Privately Placed Tier-II Bonds

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has raised ₹9.1 billion (~$106.16 million) by issuing privately placed subordinated Tier II...

March 26, 2025

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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IREDA Issues Perpetual Bonds to Raise ₹12.47 Billion

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has issued its first-ever perpetual bonds worth ₹12.47 billion (~$144.5 million) at an annual...

March 20, 2025

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Tina Freese

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Other

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Renewable Energy
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IREDA’s Q3 Profits Record a 27% YoY Increase

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹4.25 billion (~$49.52 million) during the third quarter...

January 10, 2025

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Tina Freese

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Other

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Renewable Energy
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GMR Secures ₹21 Billion Loan from IREDA for Smart Meter Installation Project

GMR Smart Electricity Distribution (GSEDPL), a subsidiary of GMR Power and Urban Infra (GPUIL), has secured approval for a loan of ₹21.28 billion (~$247.66 million) from...

January 9, 2025

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Staff

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Markets & Policy

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Renewable Energy
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REC’s Loan Disbursals for Renewable Projects Rose by 92% in 1H FY 2025

Public finance company REC’s renewable energy loan disbursements rose 92.68% in the first half (1H) of the financial year (FY) 2024-25 and 37.35% in the second quarter...

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IREDA’s Profit Surges 30% YoY in Q1 FY 2025 as Loan Book Expands

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 30% year-over-year (YoY) increase in profit after tax for the first quarter...

July 15, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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IREDA’s Profits Surge 46% YoY in Q4 FY 2024 as NPAs Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 45.9 % year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 22, 2024

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Gautamee Hazarika

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Finance and M&A

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Solar
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IREDA’s Q3 Profit Surges 67%, NPAs Continue to Decline

The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 67% year-over-year (YoY) increase in profit after tax for the third quarter...

January 22, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Serentica Secures $425 Million Loan for Round-the-Clock Renewable Energy Project

Renewable energy developer Serentica Renewables has secured ₹35 billion (~$425 million) for its round-the-clock renewable energy project in India from a consortium of...

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IREDA Launches Loans Program for Rooftop Solar, PM-KUSUM Consumers

The Indian Renewable Energy Development Agency (IREDA) has launched its retail division with an emphasis on providing loans in the Business-to-Consumer (B2C) sector. The...

December 8, 2023

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B.S. Nagaraj

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Markets & Policy

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Rooftop

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Solar
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REC’s Net Profit Up 38% YoY to ₹38 Billion in Q2 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹37.73 billion (~$453.2 million) in the second quarter (Q2) of the financial year...

November 2, 2023

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Arjun Joshi

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Other

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Renewable Energy
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IREDA Reports 54% Jump in Profits in Q2 as Non-Performing Assets Continue to Drop

The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 54% year-over-year (YoY) increase in profit after tax for the second...

October 23, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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REC Raises $1.25 Billion to Finance Power Infrastructure & Logistics Projects

REC Limited, a public infrastructure finance company, has raised $1.25 billion in August and September 2023 from a consortium of six banks and through a Foreign Currency...

September 6, 2023

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Satish Shetty

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Finance and M&A

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Other

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