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IREDA Rated 'Excellent' by DPE, Tops Power and NBFC Sector

REDA has earned an ‘Excellent’ rating from the Department of Public Enterprises for FY 2023-24, ranking among India’s top 4 CPSEs and No. 1 in the Power and NBFC sector.

NBFC | May 22, 2025 | By EI News Network | 952

Credit Fair Raises USD 5M from Symbiotics, Backed by BII, to Boost Solar Financing in India

The funding will strengthen Credit Fair to expand its presence in the rooftop solar financing space, primarily targeting residential as well as MSME customers.

NBFC | February 19, 2025 | By Abha Rustagi | 890

IREDA Q1 Results Show 32 percent Revenue Growth and 30 percent Increase in Net Profit

This milestone also marks IREDA as the first Central Public Sector Enterprise (CPSE) to promptly declare results and achieve the fastest publication of Audited Results in the Banking and NBFC space.

NBFC | July 15, 2024 | By News Bureau | 1770

IREDA's Credit Rating Upgraded to AAA (Stable) by CARE Ratings

CMD of IREDA, Pradip Kumar Das, expressed his views on the announcement, highlighting that the upgraded rating underlines the agency's dedication to building a strong financial foundation.

NBFC | June 21, 2024 | By Abha Rustagi | 2603

IREDA Chief Highlights Innovative Financing to Boost Wind Energy at Global Wind Day Event

The event, hosted by the Ministry of New and Renewable Energy at The Lalit in New Delhi, was part of the Global Wind Day celebrations, branded as Pawan-Urja: Powering the Future of India.

NBFC | June 18, 2024 | By Abha Rustagi | 2215

REC Wins ‘Sustainability Champion’ Award at Outlook Summit 2024

Saraswathi, Senior General Manager of REC’s Mumbai Office, received the award at the event held in Goa.

NBFC | May 30, 2024 | By Abha Rustagi | 2097

PFC Posts Record Profits in FY’24: Declares Highest Annual Profit After Tax

The group recorded a 25 percent increase in Profit After Tax (PAT), surging from INR 21,179 crores in FY’23 to INR 26,461 crores in FY’24.

NBFC | May 16, 2024 | By Abha Rustagi | 1744

REC Limited Receives RBI Nod for Wholly Owned Subsidiary in GIFT City

The proposed subsidiary aims to undertake various financial activities as a finance company within GIFT, encompassing lending, investment, and other financial services.

NBFC | May 06, 2024 | By Abha Rustagi | 1218

REC Limited Secures Green Loan of JPY 60.5 Billion for Sustainable Projects in India

The green loan facility, enjoys an 80 percent guarantee by the Italian Export Credit Agency, SACE (Italy), under their innovative Push Strategy program.

NBFC | April 26, 2024 | By Abha Rustagi | 2188