loans

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IREDA’s Profit Surges 30% YoY in Q1 FY 2025 as Loan Book Expands

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 30% year-over-year (YoY) increase in profit after tax for the first quarter...

July 15, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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IREDA’s Profits Surge 46% YoY in Q4 FY 2024 as NPAs Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 45.9 % year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 22, 2024

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Gautamee Hazarika

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Finance and M&A

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Solar
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IREDA’s Q3 Profit Surges 67%, NPAs Continue to Decline

The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 67% year-over-year (YoY) increase in profit after tax for the third quarter...

January 22, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Serentica Secures $425 Million Loan for Round-the-Clock Renewable Energy Project

Renewable energy developer Serentica Renewables has secured ₹35 billion (~$425 million) for its round-the-clock renewable energy project in India from a consortium of...

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IREDA Launches Loans Program for Rooftop Solar, PM-KUSUM Consumers

The Indian Renewable Energy Development Agency (IREDA) has launched its retail division with an emphasis on providing loans in the Business-to-Consumer (B2C) sector. The...

December 8, 2023

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B.S. Nagaraj

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Markets & Policy

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Rooftop

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Solar
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REC’s Net Profit Up 38% YoY to ₹38 Billion in Q2 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹37.73 billion (~$453.2 million) in the second quarter (Q2) of the financial year...

November 2, 2023

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Arjun Joshi

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Other

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Renewable Energy
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IREDA Reports 54% Jump in Profits in Q2 as Non-Performing Assets Continue to Drop

The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 54% year-over-year (YoY) increase in profit after tax for the second...

October 23, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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REC Raises $1.25 Billion to Finance Power Infrastructure & Logistics Projects

REC Limited, a public infrastructure finance company, has raised $1.25 billion in August and September 2023 from a consortium of six banks and through a Foreign Currency...

September 6, 2023

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Satish Shetty

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Finance and M&A

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Other
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REC’s Net Profit Up 21% YoY to ₹29 Billion in Q1 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹29.61 billion (~$361.12 million) in the first quarter (Q1) of the financial year...

July 27, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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Government Extends Loan Disbursement Timeline for Ethanol Projects

The Indian government has announced an extension of the timeline for the disbursement of loans for ethanol projects in the country up to September 30, 2023, to...

June 27, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Smaller Solar Developers Urgently Need Collateral-Free Loans for Expansion

Access to finance is vital for solar developers who fall under Micro, Small, and Medium Enterprises (MSME) to invest in infrastructure, technology, research, and...

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Savings from Rooftop Solar Can be a Healthy Revenue Stream for C&I Entities

As the cost of technology and installations have come down over the years, rooftop solar has undoubtedly emerged as a viable option to cut electricity bills for...

May 31, 2023

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Gourav Mishra

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C&I

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Mercom Research Focus

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Rooftop

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Solar
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Strict Financing Rules & Penalties for Non-Payment Help Improve DISCOMs’ Performance

Stricter regulations around financing, severe penalties for non-payment of dues, mandatory energy accounting, and auditing are the driving factors behind the...

May 11, 2023

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Satish Shetty

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AT&C

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Grid

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Market & Policy
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Daily News Wrap-Up: MSEDCL Invites Bids for 615 MW Solar Projects Across Maharashtra

Maharashtra State Electricity Distribution Company has issued multiple tenders to develop solar projects of 615 MW in aggregate capacity split into four different...

April 17, 2023

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Power Ministry Seeks Comments on Draft Electricity Amendment

The Ministry of Power has invited comments from the stakeholder on the draft Electricity (Rights of Consumers) Amendment Rules, 2023. The proposed rules seek to bring...

March 30, 2023

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Mercom Staff

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Daily Wrap-up

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