IREDA establishes subsidiary within IFSC in GIFT City, Gujarat

14 May 2024 CW Team

IREDA, a state-owned entity, has established a subsidiary within the International Financial Services Centre (IFSC) situated in GIFT City, Gujarat. Officially named IREDA Global Green Energy Finance IFSC Limited, the subsidiary was incorporated on May 7, following the receipt of a no objection letter from the Reserve Bank of India (RBI) in February 2024, permitting the establishment of the finance company within IFSC GIFT City, as stated by IREDA.

"This subsidiary not only positions IREDA to extend its global reach but also acts as an offshore platform for securing competitive funding to drive the renewable energy sector's growth?, emphasised Pradip Kumar Das, Chairman & Managing Director, IREDA.

IREDA, operating under the Ministry of New and Renewable Energy (MNRE), is a Non-Banking Financial Institution dedicated to promoting, developing, and providing financial assistance for the establishment of projects related to new and renewable energy sources, along with energy efficiency and conservation efforts.

(Source:ET)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

26 Jun 2026

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..

Infrastructure Urban

26 Jun 2026

dormakaba showcases access solutions at iDAC Chandigarh

dormakaba recently participated in iDAC Chandigarh 2026 at JW Marriott, engaging with architects, interior designers, developers, hospitality professionals and industry experts. The access solutions brand showcased a range of security and architectural products, including Mechanical Key Systems, Digital Cylinder, C Lever, Lever Handle, AIDO’s SLYNK Profiled Door System and Hotel Lock. The company said AIDO’s solutions added a design-led architectural and hospitality dimension to its presence at the event. The SLYNK Profiled Door System drew attention for supporting modern interiors where ..

Infrastructure Energy

26 Jun 2026

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..