IREDA Archives - News Orbiter

Corporate India

ONGC’s Cost Cutting Drive Targets ₹9,300 Crore Savings

Oil and Natural Gas Corporation (ONGC) initiated a comprehensive cost optimisation programme to achieve ₹9,300 crore in savings by FY27. This move prepares the PSU for a future with oil prices around $60 per barrel while fighting production decline.

Corporate India

RBI Allows Banks to Fund Corporate Acquisitions

The Reserve Bank of India will now permit banks to finance mergers and acquisitions by Indian corporates. This new framework significantly expands the scope of capital market lending for the banking sector.

Corporate India

India Indigenous Nuclear Reactor Project Draws Interest ftom Corporate Giants

India’s largest corporate groups, including Reliance and Adani, show strong interest in NPCIL’s tender for the Bharat Small Reactors (BSR). The project, using indigenous PHWR technology, marks the first major entry of the private sector into nuclear generation, with a project deadline now set for March 2026.

Corporate India

Governance

Government Sanctions ₹6,982 Crore Additional Capital for BSNL’s 4G Expansion

In a major push for India’s public sector telecom, the government has greenlit a fresh capital injection of ₹6,982 crore for BSNL, earmarking the funds specifically for the nationwide expansion of its 4G network. This move is part of a broader strategy to bolster BSNL’s financial health and competitive standing against private players.

IREDA’s Gandhinagar office to boost green hydrogen and renewable energy manufacturing projects

News Orbiter Bureau20 April 202421 April 202402 mins

Indian Renewable Energy Development Agency Limited (IREDA) has opened an office in GIFT City, Gandhinagar, specialising in offering debt options denominated in foreign currencies. This initiative aims to enable natural hedging and substantially decrease financing costs for Green Hydrogen and Renewable Energy Manufacturing projects, thereby supporting India’s shift towards a more sustainable future. The announcement…

IREDA Achieves a Record PAT of Rs 1,252 Crore

News Orbiter Bureau20 April 202423 April 202402 mins

Indian Renewable Energy Development Agency Limited (IREDA) has revealed its audited financial results for the fiscal year 2023-24. IREDA has achieved an annual profit after tax (PAT) of Rs 1252.23 crore which is an all time high. The results mark an impressive growth of 44.83 percent over the previous fiscal year. The company has successfully…

IREDA focuses on Renewable energy projects

News Orbiter Bureau29 March 202301 mins

Indian Renewable Energy Development Agency Ltd (IREDA) has disburced Rs 16,320 during FY 2022-23. The earlier highest annual loan disbursement was during FY 2021-22 of Rs 16,071 crores. IREDA has also crossed the highest annual loan sanction of Rs. 23,921 crore and touched Rs. 32,578 crore loan sanction on March 2023. Contributing actively to the…