IRFC Expands into Renewable Energy Financing

10 Mar 2025 CW Team

Indian Railway Finance Corporation (IRFC), the dedicated funding arm of Indian Railways, is expanding into renewable energy financing to support India’s goal of installing 500 GW of non-fossil fuel-based energy capacity by 2030. Recently awarded ‘Navratna’ status, IRFC now has greater operational and financial autonomy.

The corporation won a bid to provide a Rs 75 billion term loan to NTPC Green Energy and is lending Rs 31 billion to an NTPC thermal power subsidiary. It is also exploring funding opportunities for Indian Railways' renewable energy needs and metro rail projects. Additionally, IRFC has partnered with REMC to finance renewable projects supplying power to the railways.

This financing push aligns with calls from the Ministry of New and Renewable Energy to mobilize funds for India’s clean energy targets, with an estimated Rs 30 trillion needed to meet the 2030 capacity goal. Parliament’s standing committee on energy has also recommended innovative financing mechanisms like green bonds and infrastructure development funds to bridge the financing gap.

(mercom)

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..