+
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

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?