Ireda Q3 Net Profit Up 27% to Rs 425.35 Bn Revenue Jumps 37%

10 Jan 2025 CW Team

State-run financier Indian Renewable Energy Development Agency (Ireda) reported a net profit of Rs 4.25 billion for the October-December quarter of the financial year 2024-25 (Q4FY25). This was a 27 per cent increase compared to the net profit of Rs 3.35 billion in the same quarter the previous year. The total revenue from operations for Q3FY25 stood at Rs 16.98 billion, reflecting a 35.6 per cent year-on-year (Y-o-Y) increase from Rs 12.52 billion in the corresponding quarter of the last financial year.

On a sequential basis, the profit after tax (PAT) grew by 10 per cent compared to Rs 3.87 billion reported in Q2FY25. The gross non-performing assets (NPAs) decreased to 2.68 per cent in Q3FY25, down from 2.90 per cent in the same period the previous year. The company’s net interest income (NII) also surged by 39 per cent Y-o-Y, rising to Rs 6.22 billion from Rs 4.48 billion in the corresponding quarter of the previous year.

Ireda’s loan disbursements for the December quarter increased by 41 per cent Y-o-Y, reaching Rs 172.36 billion, up from Rs 122.20 billion in the same period last year. By the end of Q3FY25, the company’s outstanding loan book amounted to Rs 690 billion, a 36 per cent increase from Rs 505.80 billion a year earlier. The company’s total expenses for the third quarter rose by 33.8 per cent, totalling Rs 11/60 billion, compared to Rs 8.67 billion in the same period of the previous year.

Ireda’s debt-equity ratio stood at 5.89 times, compared to 5.13 times the previous year. The company’s net worth grew by 21 per cent, reaching Rs 98.42 billion, compared to Rs 81.34 billion in the same quarter last year. However, Ireda’s shares closed 3.31 per cent lower at Rs 215.90 after Thursday’s market session, compared to Rs 223.30 at the previous day’s close.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..