S&P Upgrades IREDA to ‘BBB’ with Stable Outlook

31 Oct 2025 CW Team

The Indian Renewable Energy Development Agency (IREDA) has received an upgrade in its long-term issuer credit rating from S&P Global Ratings, which has been revised to ‘BBB’ from ‘BBB–’, with a Stable Outlook. The short-term rating has also been raised to ‘A-2’ from ‘A-3’.

This upgrade brings IREDA’s international credit rating in line with India’s sovereign credit rating, reaffirming its strategic significance in advancing the nation’s renewable energy mission.

According to S&P Global Ratings, the rating improvement reflects IREDA’s robust asset quality, strong capitalization, and healthy liquidity position. The enhanced rating is expected to strengthen IREDA’s global funding capabilities, reduce its cost of capital, and boost investor confidence across both equity and debt markets, further reinforcing its leadership as India’s premier green financing institution.

Commenting on the development, Pradip Kumar Das, Chairman & Managing Director, IREDA, said, “We are delighted with this upgrade by S&P Global Ratings, which validates IREDA’s financial strength and underscores our pivotal role in India’s renewable energy transition. This alignment with the sovereign rating will enable us to access capital more competitively and deepen investor confidence in our long-term growth strategy.”

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..