loans

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How Banks and NBFCs Are Reshaping Solar Financing for Homes, MSMEs, and Industry

India’s clean energy transition is gaining momentum, driven by growing policy support and rising pressure on commercial and industrial (C&I) consumers to reduce...

December 26, 2025

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Parth Shukla

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C&I

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Solar
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Public Sector Banks Approve Over 579,000 Loans Under PM Surya Ghar

Public sector banks (PSBs) have approved more than 579,000 loan applications worth ₹109.07 billion (~$1.23 billion) under the PM Surya Ghar: Muft Bijli Yojana, as of...

October 9, 2025

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Staff

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Markets & Policy

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Rooftop

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Solar
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IREDA’s Loan Approvals Grow 29% YoY to ₹117 Billion in Q1 FY 2026

Government-owned lender Indian Renewable Energy Development Agency’s (IREDA) loan approvals climbed by 29% year-over-year (YoY) to ₹117.4 billion (~$1.37 billion) in the...

July 1, 2025

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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REC Gets Nod from CBDT to Raise ₹50 Billion via Zero-Coupon Bonds

Public infrastructure finance company, REC Limited has received approval from the Central Board of Direct Taxes (CBDT) to issue 500,000 zero-coupon bonds aggregating to...

June 5, 2025

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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Higher Net Interest Income Strengthens PFC’s Q4 FY 2025 Financials

Government-owned Power Finance Corporation (PFC) recorded a total revenue of ₹292.85 billion (~$3.42 billion) in the fourth quarter (Q4) of the financial year (FY)...

May 23, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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IREDA’s Q4 FY 2025 Profits Up 49% as Non-Performing Assets Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 49% year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 16, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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IREDA’s FY 2025 Loan Approvals Grow 27% YoY

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has announced a 27% rise in loan approvals for the financial year (FY) 2025, as per...

April 1, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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IREDA Raises ₹9.1 Billion Through Privately Placed Tier-II Bonds

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has raised ₹9.1 billion (~$106.16 million) by issuing privately placed subordinated Tier II...

March 26, 2025

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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IREDA Issues Perpetual Bonds to Raise ₹12.47 Billion

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has issued its first-ever perpetual bonds worth ₹12.47 billion (~$144.5 million) at an annual...

March 20, 2025

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Tina Freese

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Other

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Renewable Energy
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IREDA’s Q3 Profits Record a 27% YoY Increase

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹4.25 billion (~$49.52 million) during the third quarter...

January 10, 2025

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Tina Freese

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Other

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Renewable Energy
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GMR Secures ₹21 Billion Loan from IREDA for Smart Meter Installation Project

GMR Smart Electricity Distribution (GSEDPL), a subsidiary of GMR Power and Urban Infra (GPUIL), has secured approval for a loan of ₹21.28 billion (~$247.66 million) from...

January 9, 2025

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Staff

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Markets & Policy

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Renewable Energy
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REC’s Loan Disbursals for Renewable Projects Rose by 92% in 1H FY 2025

Public finance company REC’s renewable energy loan disbursements rose 92.68% in the first half (1H) of the financial year (FY) 2024-25 and 37.35% in the second quarter...

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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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