IREDA partners with Union Bank of India, BoB to boost RE growth

07 Sep 2023 CW Team

Expressing his happiness about these partnerships, CMD of IREDA, Pradip Kumar Das said, "Both Union Bank of India and Bank of Baroda have an extensive nationwide presence with a vast network of branches. This collaboration aims to extend our reach, particularly in tier-2 and tier-3 cities and rural areas, enabling us to provide unique and innovative financial support to existing and new customers. We are confident that by combining our strengths and resources, we will continue to serve our customers in alignment with the vision of the Prime Minister for Atmanirbhar Bharat and sustainable growth."

The MoU with Union Bank of India was formally inked by General Manager (Technical Services), IREDA, Bharat Singh Rajput and General Manager (Large Corporate Vertical), UBI, Dhirendra Jain. The signing ceremony was graced by the presence of Chairman and Managing Director of IREDA, Pradip Kumar Das; Managing Director & CEO of UBI, A Manimekhalai and senior officials.

The MoU with Bank of Baroda was executed by General Manager (Technical Services), IREDA, Bharat Singh Rajput and General Manager, BoB, Dhiren Lalai. The signing ceremony witnessed the presence of IREDA CMD and MD & CEO of BoB, Debadatta Chand along with Executive Director Lalit Tyagi. Other senior officials of BoB, Head-Large Corporate Relationships, Sumit Sachdeva and Head – Credit, Manoj Chayani were also present on the occasion.

In recent years, IREDA has been actively encouraging partnerships with various Central and State agencies as well as financial institutions to leverage its techno-financial expertise for the development of the renewable energy sector.

In another step towards accelerating the growth of renewable energy in India, Indian Renewable Energy Development Agency (IREDA) has signed Memorandums of Understanding (MoUs) with Union Bank of India (UBI) and Bank of Baroda (BoB). These agreements will empower IREDA to collaborate with UBI and BoB, in co-lending and loan syndication for a wide range of renewable energy projects, including both established and emerging RE technologies.Expressing his happiness about these partnerships, CMD of IREDA, Pradip Kumar Das said, Both Union Bank of India and Bank of Baroda have an extensive nationwide presence with a vast network of branches. This collaboration aims to extend our reach, particularly in tier-2 and tier-3 cities and rural areas, enabling us to provide unique and innovative financial support to existing and new customers. We are confident that by combining our strengths and resources, we will continue to serve our customers in alignment with the vision of the Prime Minister for Atmanirbhar Bharat and sustainable growth.The MoU with Union Bank of India was formally inked by General Manager (Technical Services), IREDA, Bharat Singh Rajput and General Manager (Large Corporate Vertical), UBI, Dhirendra Jain. The signing ceremony was graced by the presence of Chairman and Managing Director of IREDA, Pradip Kumar Das; Managing Director & CEO of UBI, A Manimekhalai and senior officials.The MoU with Bank of Baroda was executed by General Manager (Technical Services), IREDA, Bharat Singh Rajput and General Manager, BoB, Dhiren Lalai. The signing ceremony witnessed the presence of IREDA CMD and MD & CEO of BoB, Debadatta Chand along with Executive Director Lalit Tyagi. Other senior officials of BoB, Head-Large Corporate Relationships, Sumit Sachdeva and Head – Credit, Manoj Chayani were also present on the occasion.In recent years, IREDA has been actively encouraging partnerships with various Central and State agencies as well as financial institutions to leverage its techno-financial expertise for the development of the renewable energy sector.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Infrastructure Transport

31 Jul 2026

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Infrastructure Transport

31 Jul 2026

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..