IREDA approves Rs 14,445 cr loans for RE projects in Maharashtra

24 May 2022 CW Team

On May 20, 2022, IREDA in association with the Mahratta Chamber of Commerce Industries and Agriculture (MCCAI), conducted a workshop on 'Greening India through renewables' in Pune, as per the IREDA statement.

IREDA, CMD Pradip Kumar Das urged industry leaders and investors of Maharashtra to pay attention to the Renewable Energy (RE) sector and invest in the RE projects that are not only developing clean energy but also decreasing carbon dioxide emissions and enhancing the quality of life.

Das stressed IREDA's commitment to the renewable energy projects development in all states, including Maharashtra, stating that out of a total loan of Rs 1,20,946 crore approved by IREDA, Rs 14,445 crore was approved for 422 RE project accounts in Maharashtra.

The company has spent Rs 10,018 crore in Maharashtra alone out of its total loan disbursement of Rs 79,446 crore.

IREDA approved a loan of Rs 2,564 crore for 12 RE project accounts and disbursed Rs 1,362 crore in Maharashtra during FY22.

Das said that IREDA's historic financial results would not have been achievable without the collective efforts of all departments.

He also emphasised that IREDA might be the only central public sector enterprise to post its audited financial results on 30 April 2022, just 30 days after the end of the FY.

The driving factors behind such outstanding achievements are teamwork, honesty, transparency, and commitment to the stakeholders.

Chintan Shah, Director (Technical), IREDA, said that India can change the landscape of the RE sector by building an ecosystem for RE manufacturing and storage manufacturing.

IREDA is also funding RE manufacturing at competitive interest rates. This will increase the domestic manufacturing sector.

Prashant Girbane, Director General, MCCAI, said that greening India via renewables is essential for lowering energy costs and creating job opportunities.

Image Source

Also read: IREDA targets Rs.27.49 bn revenue in 2021-22

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Government-owned renewable energy project finance company Indian Renewable Energy Development Agency Limited (IREDA) has approved loans worth Rs 14,445 crore and disbursed Rs 10,018 crore for various green energy projects in Maharashtra. On May 20, 2022, IREDA in association with the Mahratta Chamber of Commerce Industries and Agriculture (MCCAI), conducted a workshop on 'Greening India through renewables' in Pune, as per the IREDA statement. IREDA, CMD Pradip Kumar Das urged industry leaders and investors of Maharashtra to pay attention to the Renewable Energy (RE) sector and invest in the RE projects that are not only developing clean energy but also decreasing carbon dioxide emissions and enhancing the quality of life. Das stressed IREDA's commitment to the renewable energy projects development in all states, including Maharashtra, stating that out of a total loan of Rs 1,20,946 crore approved by IREDA, Rs 14,445 crore was approved for 422 RE project accounts in Maharashtra. The company has spent Rs 10,018 crore in Maharashtra alone out of its total loan disbursement of Rs 79,446 crore. IREDA approved a loan of Rs 2,564 crore for 12 RE project accounts and disbursed Rs 1,362 crore in Maharashtra during FY22. Das said that IREDA's historic financial results would not have been achievable without the collective efforts of all departments. He also emphasised that IREDA might be the only central public sector enterprise to post its audited financial results on 30 April 2022, just 30 days after the end of the FY. The driving factors behind such outstanding achievements are teamwork, honesty, transparency, and commitment to the stakeholders. Chintan Shah, Director (Technical), IREDA, said that India can change the landscape of the RE sector by building an ecosystem for RE manufacturing and storage manufacturing. IREDA is also funding RE manufacturing at competitive interest rates. This will increase the domestic manufacturing sector. Prashant Girbane, Director General, MCCAI, said that greening India via renewables is essential for lowering energy costs and creating job opportunities. Image Source Also read: IREDA targets Rs.27.49 bn revenue in 2021-22

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..