Solfin Sustainable Finance has raised Rs 280 crore in a recently closed funding round and reported profitability within its first full year of operations. The Gurugram-based non-banking financial company (NBFC) focuses on financing rooftop solar, commercial and industrial (C&I) renewable energy projects, solar supply chains, and distributed clean energy systems. The company was founded by…
ACME Solar Holdings Limited has announced two developments aligned with its long-term growth strategy. On 17 December 2025, ACME Solar confirmed the appointment of Ayalur S Kumar as Chief Procurement and Supply Chain Officer. Kumar has over 30 years of experience in procurement, supply chain strategy, and operations across renewable energy, electric vehicle infrastructure, and…
Indian Renewable Energy Development Agency Limited (IREDA) has reported strong growth in its key business indicators for the half year ended September 30, 2025, based on provisional data. Loan sanctions rose by 86 per cent to Rs 331.48 billion in H1 FY 2025-26, up from Rs 178.60 billion in the same period last year. Loan…
The Indian Renewable Energy Development Agency (IREDA) has mobilised Rs 4.53 billion through its second perpetual bond issue at a coupon rate of 7.70 percent per annum. The issue received bids worth Rs 13.43 billion against the base size of Rs 1 billion and a green shoe option of Rs 4 billion, resulting in an…
The Indian Renewable Energy Development Agency (IREDA) has sanctioned Rs 117.40 billion in loans during the first quarter of FY26, marking a 29 per cent increase from Rs 91.36 billion in the same period last year. Loan disbursements also rose by 31 per cent year-on-year to Rs 69.81 billion. IREDA’s outstanding loan book stood at…
Indian Renewable Energy Development Agency Ltd. (IREDA) has raised Rs 2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilised by issuing 12.15 crore equity shares at Rs 165.14 per share. This price includes a premium of Rs 155.14 over the face value of Rs 10. The issue price reflects a 5.00% discount…