RBI grants IREDA the status of  Infrastructure Finance Corporation
POWER & RENEWABLE ENERGY

RBI grants IREDA the status of Infrastructure Finance Corporation

The Reserve Bank of India (RBI) granted Indian Renewable Energy Development Agency (IREDA) the status of 'Infrastructure Finance Company (IFC)'

IREDA was previously classified as a 'Investment and Credit Company (ICC).

With IFC status, IREDA will be able to increase its involvement in renewable energy financing.

The IFC status will also allow the company to reach a larger investor base for fund mobilisation, resulting in competitive fund raising rates.

Additionally, IREDA's designation as an IFC will boost the brand's value, inspire trust in investors, and create a favourable outlook for the market.

The grant of IFC status, according to a statement from the Ministry of New and Renewable Energy, recognises IREDA's 36 years of infrastructure finance and development with a concentration on renewable energy.

With IFC status, IREDA will continue to support the Center's goal of installing 500 GW of non-fossil fuel capacity by 2030, the ministry stated.

Pradip Kumar Das, Chairman and Managing Director of IREDA, said, “The IFC status is a significant milestone for IREDA and will enable us to maintain our leading position as a financier of RE space. IREDA will continue to play a motherly role for development of RE sector.”

Since its founding in 1987, IREDA has worked to advance, create, and finance novel and renewable energy sources.

It provides funding for all value chains and RE technologies, including those in e-mobility, battery storage, biofuel, solar, wind, hydro, bioenergy, waste to energy, and bioenergy.

See also:
IREDA and SJVN Green Energy sign a loan agreement for Rs 44.45 billion
IREDA urged to develop a strategy for project financing

The Reserve Bank of India (RBI) granted Indian Renewable Energy Development Agency (IREDA) the status of 'Infrastructure Finance Company (IFC)' IREDA was previously classified as a 'Investment and Credit Company (ICC). With IFC status, IREDA will be able to increase its involvement in renewable energy financing. The IFC status will also allow the company to reach a larger investor base for fund mobilisation, resulting in competitive fund raising rates. Additionally, IREDA's designation as an IFC will boost the brand's value, inspire trust in investors, and create a favourable outlook for the market. The grant of IFC status, according to a statement from the Ministry of New and Renewable Energy, recognises IREDA's 36 years of infrastructure finance and development with a concentration on renewable energy. With IFC status, IREDA will continue to support the Center's goal of installing 500 GW of non-fossil fuel capacity by 2030, the ministry stated. Pradip Kumar Das, Chairman and Managing Director of IREDA, said, “The IFC status is a significant milestone for IREDA and will enable us to maintain our leading position as a financier of RE space. IREDA will continue to play a motherly role for development of RE sector.” Since its founding in 1987, IREDA has worked to advance, create, and finance novel and renewable energy sources. It provides funding for all value chains and RE technologies, including those in e-mobility, battery storage, biofuel, solar, wind, hydro, bioenergy, waste to energy, and bioenergy. See also: IREDA and SJVN Green Energy sign a loan agreement for Rs 44.45 billionIREDA urged to develop a strategy for project financing

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?