IREDA Establishes Green Financing Subsidiary

13 May 2024 CW Team

The Indian Renewable Energy Development Agency (IREDA) has established a subsidiary in the Gujarat International Finance Tec-City (GIFT City) to focus on green financing initiatives. This strategic move aims to bolster IREDA's efforts in promoting renewable energy projects and facilitating sustainable development.

The newly incorporated subsidiary will play a pivotal role in expanding IREDA's presence in the renewable energy sector and catalysing investments in green projects. By leveraging the financial ecosystem of GIFT City, the subsidiary aims to enhance access to capital and support the financing needs of renewable energy projects across India.

IREDA's decision to establish a subsidiary in GIFT City underscores its commitment to advancing renewable energy deployment and fostering innovation in the sector. The subsidiary will serve as a dedicated platform for facilitating green financing and promoting investments in renewable energy infrastructure.

The incorporation of the subsidiary aligns with India's ambitious renewable energy targets and commitment to transitioning towards a low-carbon economy. It reflects IREDA's proactive approach to leveraging financial markets and institutional frameworks to accelerate the adoption of renewable energy technologies.

Through its subsidiary in GIFT City, IREDA aims to provide a comprehensive suite of financial services tailored to the needs of renewable energy developers and investors. By strengthening the financing ecosystem for green projects, the subsidiary will contribute to India's sustainable development goals and support the country's transition towards clean and renewable energy sources.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..