IREDA Reports Robust 67% Surge in Q3 Profit

24 Jan 2024 CW Team

IREDA, a key player in financing renewable energy initiatives, recorded significant profitability during Q3, reflecting the increased momentum in the renewable energy sector. The agency plays a crucial role in supporting and funding a diverse range of renewable energy projects, contributing to India's transition to cleaner and sustainable energy sources.

The impressive profit surge is indicative of IREDA's effective financial management, strategic investments, and successful execution of its mandate to foster renewable energy development. As the demand for renewable energy solutions continues to rise, IREDA's financial performance underscores its pivotal role in the country's renewable energy landscape.

The third-quarter financial results position IREDA as a robust financial entity, capable of supporting and catalyzing renewable energy projects that align with the nation's green energy goals. The positive trajectory in profit is expected to further strengthen IREDA's capacity to finance and facilitate a diverse portfolio of renewable energy initiatives in the coming years.

IREDA's financial success in Q3 highlights the significance of dedicated financial institutions in driving the renewable energy transition. As India focuses on achieving its renewable energy targets, entities like IREDA play a vital role in mobilizing resources and accelerating the deployment of clean and sustainable energy solutions.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..