Climate Series

ICRA Research launched its Climate Series following the announcement of India’s climate goals in FY2022. This series focuses on India’s green initiatives, global sustainability practices, funding needs, and various government policies designed to support environmental efforts both domestically and internationally.

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Regular Research

Special Comments

Date	Reports	Category
21 Jan 2026	JCM’s strong RE track record supports India’s NDC targets and is a key milestone for carbon market	Thematic Report
03 Oct 2025	Mission’s success depends on reducing imports by tapping into domestic manufacturing strength	Thematic Report
02 Jul 2025	Developing countries may face climate fund setbacks due to USA exit from Paris Accord	Thematic Report
10 Jun 2025	Adequate projects announced to meet targeted production capacity; however, negligible progress on the ground	Thematic Report
21 Jan 2025	High dependence on agriculture and livestock and presence of small landholders necessitate Government support for sustainable agriculture	Thematic Report
20 Jan 2025	India's first-ever offshore critical mineral auctions position the nation alongside China, Japan, the USA, Belgium, and Norway in the race to unlock valuable sea-based deposits	Thematic Report
30 Sep 2024	Green Housing adoption needs policy push, financial, social measures to take off	Thematic Report
31 Jul 2024	Five states face water stress, while 60% districts witness water scarcity; more efforts needed from Govt, private sector and society to create sustainable water management	Thematic Report
31 Jul 2024	Union Budget FY2025 focuses on climate cost, finance, infrastructure, sustainable practices to build a green ecosystem in the long term	Thematic Report
26 Jun 2024	Existing climate funding avenues in India seem inadequate amid rising carbon emissions and steady economic growth	Thematic Report
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Most Trending Research Reports

RE capacity addition reached a record high in FY2026, but likely to moderate owing to delays in the augmentation of transmission infrastructure

Renewable Energy

30 Mar 2026

Portfolio growth to remain healthy notwithstanding some moderation; managing asset quality will remain crucial

Affordable Housing Finance

31 Mar 2026

Healthy pipeline of public funded toll assets expected to support NHAI’s monetisation going forward

Roads & Highways

20 Mar 2026

Private commercial mining: A new growth engine for India’s coal production

Power

19 Mar 2026

Retail volume growth stays strong at 26% in February 2026 on a YoY basis

Passenger Vehicles

30 Mar 2026

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Credit Perspective Reports

Credit Perspective Reports (CPRs) offer detailed rating analyses of over 1,500 investment-grade entities, covering both listed and unlisted companies. These reports provide in-depth insights into key rating drivers, making them valuable for benchmarking, understanding credit trends, and making informed investment decisions.

What's latest in CPR

North Eastern Electric Power Corporation Limited
01 Apr 2026
NLC India Limited
01 Apr 2026
Sun Pharma Laboratories Limited
01 Apr 2026
Arliga Azure Projects Private Limited
01 Apr 2026
Maple Infrastructure Trust
01 Apr 2026

Rating Rationales

Name	Email	Phone
01 Apr 2026	Farmart Service Private Limited: Rating confirmed as final for PTCs issued under a trade receivables securitisation transaction
01 Apr 2026	NKC Projects Private Limited: Ratings reaffirmed
01 Apr 2026	Kotak Mahindra Investments Limited: Update on material event
01 Apr 2026	Adani Hybrid Energy Jaisalmer Four Limited: Rating reaffirmed
01 Apr 2026	Adani Hybrid Energy Jaisalmer Two Limited: Rating reaffirmed
01 Apr 2026	Adani Hybrid Energy Jaisalmer One Limited: Rating reaffirmed
01 Apr 2026	Bajaj General Insurance Limited: Rating reaffirmed
01 Apr 2026	S.E. Builders and Realtors Limited: Rating reaffirmed
01 Apr 2026	NJA Industries Pvt Ltd
01 Apr 2026	National Highways Authority of India: Rating reaffirmed