IREDA Reports Record Rs 16.99 Billion Profit for FY25

17 Apr 2025 CW Team

The Indian Renewable Energy Development Agency (IREDA) has reported a record profit after tax of Rs 16.99 billion for the financial year 2024–25, reflecting a 36 per cent increase from the previous year. IREDA has also become the first company in the NBFC and banking sector, and the first public sector undertaking (PSU), to release its audited financial results within 15 days of the close of the financial year.

At a board meeting held on 15 April 2025, IREDA’s directors approved the standalone and consolidated results, which show significant growth across all key financial indicators.

Key Standalone Financial Highlights (FY25 vs FY24): – Revenue from operations: Rs 67.42 billion (up 36 per cent) – Profit before tax: Rs 21.04 billion (up 25 per cent) – Net worth: Rs 102.66 billion (up 20 per cent) – Loan book: Rs 762.82 billion (up 28 per cent)

CMD Pradip Kumar Das stated that IREDA’s growth reflects its strategic commitment to India’s renewable energy transition, backed by innovative financing and strong governance. He acknowledged the support of the Ministry of New and Renewable Energy and the board.

Source: PIB Delhi

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..