IREDA rolls out a new program to boost green mobility

17 Jan 2022 CW Team

The emerging technologies comprise battery energy storage systems (BESS) and production of batteries, projects concerning the production of fuel cells, green hydrogen (electrolyzers), producing and assembling facilities of electric vehicles (EVs) and related elements, and waste recycling units.

IREDA will render loans to the tune of 70% of the value for the emerging technologies. Under the program, IREDA will additionally render financial help to EV fleet owners and operators and charging infrastructure owners.

The EV fleet owners and operators comprise fleet owners of commercial buses or similar passenger vehicles with a concession deal with the state or central government agencies and fleets of bikes, commercial cars, working as a taxi service on the business-to-business and business-to-customer model.

The type of charging infrastructure owners comprises electrical equipment for charging EVs, incorporating land. Loans will additionally be available for charging via renewable energy.

The agency will render loans of about 80% of the project price to EV fleet owners and owners of charging infrastructure.

To avail of a loan, the development of the charging infrastructure must conduct within one year or more in the case of renewable energy systems additionally being installed.

IREDA is already funding compressed biogas and bioethanol projects and strives to extend the investment for the complete value chain of green mobility.

The concession agreement will not hold any exit clause until the loan term. Subsidies or assistance by the central government or any state government will be adjusted against the loan approved by IREDA.

Image Source

The Indian Renewable Development Agency (IREDA), under the Ministry of New and Renewable Energy, has rolled out a program to boost the production and deployment of infrastructure for green mobility, charging infrastructure and emerging technologies. The emerging technologies comprise battery energy storage systems (BESS) and production of batteries, projects concerning the production of fuel cells, green hydrogen (electrolyzers), producing and assembling facilities of electric vehicles (EVs) and related elements, and waste recycling units. IREDA will render loans to the tune of 70% of the value for the emerging technologies. Under the program, IREDA will additionally render financial help to EV fleet owners and operators and charging infrastructure owners. The EV fleet owners and operators comprise fleet owners of commercial buses or similar passenger vehicles with a concession deal with the state or central government agencies and fleets of bikes, commercial cars, working as a taxi service on the business-to-business and business-to-customer model. The type of charging infrastructure owners comprises electrical equipment for charging EVs, incorporating land. Loans will additionally be available for charging via renewable energy. The agency will render loans of about 80% of the project price to EV fleet owners and owners of charging infrastructure. To avail of a loan, the development of the charging infrastructure must conduct within one year or more in the case of renewable energy systems additionally being installed. IREDA is already funding compressed biogas and bioethanol projects and strives to extend the investment for the complete value chain of green mobility. The concession agreement will not hold any exit clause until the loan term. Subsidies or assistance by the central government or any state government will be adjusted against the loan approved by IREDA. Image Source

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..