MNRE plans to raise over Rs.135 billion via Green Bonds in FY25

06 Aug 2024 CW Team

The Ministry of New and Renewable Energy (MNRE) plans to raise over Rs.135 billion through green bonds for funding various renewable energy projects in the current financial year, ending March 2025.

According to the Union Budget for FY25, the statement for fund utilisation and allocation under schemes eligible for the Sovereign Green Bond (SGrB) proceeds shows that MNRE plans to raise Rs.135 billion.

While the budget estimate (BE) of Rs.135 billion for FY25 is higher by 80 per cent compared to the BE for FY24 Rs.75.07 billion), it is more than double compared to the revised estimate (RE) for the last fiscal year Rs.61.16 billion).

Of the total, the highest Rs.100 billion is being planned to be raised for investment in solar energy. This is followed by Rs.19.96 billion for PM KUSUM (rural solar scheme), Rs.9.3 billion for wind energy and Rs 6 billion for the national green hydrogen mission.

Overall, the various ministries and departments plan to raise a total of Rs.320 billion via SGrBs.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..