TAG: "Vikram Kumar"

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IFC-Led Consortium Invests INR 2,600 Crore to Drive Smart Meter Deployment Across Rajasthan

An IFC-led consortium, including IIFCL, has committed INR 2,600 crore to accelerate smart metering infrastructure in Rajasthan, aiming to improve billing efficiency, reduce power losses and strengthen the state’s power distribution network through the deployment of 13.6 million smart meters across 28 districts under the RDSS programme.

Vikram Kumar | June 25, 2026 | By News Bureau 439

IFC Announces USD 20 Million Equity Investment in Transvolt Mobility

IFC, a member of the World Bank Group, has made its first-ever equity investment in an electric vehicle platform in India, by investing USD 20 million in Transvolt Mobility as part of a USD 50 million funding round to scale its commercial EV fleet.

Vikram Kumar | July 18, 2025 | By Mrinmoy Dey 1148

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