IREDA Reports Robust 67% Surge in Q3 Profit
POWER & RENEWABLE ENERGY

IREDA Reports Robust 67% Surge in Q3 Profit

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.

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.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?