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 Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..