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

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..