IREDA Reports 41% Loan Growth in Q3

02 Jan 2025 CW Team

State-owned Indian Renewable Energy Development Agency (IREDA) reported a 41% increase in loan disbursements, amounting to Rs 172.36 billion in the December quarter of FY24. Provisional figures reveal loan sanctions skyrocketed by 129% YoY to Rs 310.87 billion, compared to Rs 135.58 billion in Q3 FY23.

The outstanding loan book surged 36% to Rs 690 billion as of December 31, 2024, against Rs 505.8 billion a year ago, according to the company’s statement.

Pradip Kumar Das, Chairman and Managing Director of IREDA, highlighted the agency’s commitment to advancing India's renewable energy transition. "The 129% growth in loan sanctions underscores the increasing confidence of stakeholders in our capabilities and our pivotal role in supporting green energy projects," Das said.

IREDA's robust performance aligns with the nation's push for sustainable energy solutions, reinforcing its position as a key driver of India’s renewable energy ambitions.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..