RBI grants IREDA the status of Infrastructure Finance Corporation

15 Mar 2023 CW Team

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.

Resources

29 May 2026

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..