IREDA Achieves Record Loan Sanctions in FY23-24

05 Apr 2024 CW Team

The Indian Renewable Energy Development Agency (IREDA) has achieved its highest-ever loan sanctions and disbursements in the fiscal year 2023-24. This milestone reflects IREDA's significant contribution to financing renewable energy projects across India and supporting the country's transition towards clean energy.

During FY23-24, IREDA sanctioned loans worth Rs. [insert amount] crore, marking a substantial increase compared to previous years. The agency also disbursed loans amounting to Rs. [insert amount] crore, demonstrating its commitment to facilitating the development and deployment of renewable energy infrastructure.

IREDA's record loan sanctions and disbursements underscore its pivotal role in promoting renewable energy investments and driving the growth of the sector. By providing financial assistance to renewable energy projects, IREDA enables developers to overcome funding challenges and accelerate the implementation of clean energy initiatives.

The surge in loan sanctions and disbursements by IREDA reflects the growing momentum in India's renewable energy landscape. It signifies increased investor confidence in renewable energy projects and highlights the sector's potential to attract substantial investments.

As India continues its efforts to achieve its renewable energy targets, institutions like IREDA play a crucial role in mobilising capital and facilitating project development. The record loan sanctions and disbursements by IREDA in FY23-24 reinforce its commitment to supporting the expansion of renewable energy infrastructure and driving sustainable development in the country.

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..