In Short : IREDA’s bond issue raised ₹1,500 crore, being oversubscribed 2.65 times. The strong investor interest underscores confidence in the organization’s ability to finance renewable energy projects and support India’s clean energy transition. In Detail : State-owned Indian Renewable Energy Development Agency (Ireda) on Friday said it has raised Rs 1,500 crore through a […]
IREDA aims to become a Maharatna PSU by financial year 2030; – EQ
In Short : IREDA aims to achieve Maharatna PSU status by FY 2030. The plan includes expanding its renewable energy portfolio, increasing funding for green projects, enhancing financial performance, and meeting the stringent criteria for Maharatna designation, demonstrating its commitment to driving sustainable energy growth in India. In Detail : IREDA has set out some […]
IREDA eyes FPO to boost renewable energy funding – EQ
In Short : IREDA is considering a follow-on public offer (FPO) to boost funding for renewable energy projects. This move aims to raise capital to support the expansion of renewable energy initiatives, reinforcing IREDA’s commitment to promoting sustainable energy development in India. In Detail : IREDA launched its initial public offering (IPO) in December 2023 […]
IREDA Holds 16th Stakeholders’ Interaction Meet to Chart Renewable Energy Course – EQ
In Short : IREDA recently conducted its 16th Stakeholders’ Interaction Meet to outline the course for renewable energy. This event signifies collaborative efforts among industry players, policymakers, and stakeholders to shape the future of sustainable energy, fostering innovation and progress in the sector. In Detail : IREDA’s 16th Stakeholders’ Interaction Meet served as a testament […]
IREDA share price jumps over 10% as it attains ‘Navratna status’ – EQ
In Short – IREDA’s share price surges by over 10% following its attainment of ‘Navratna status’. This significant milestone reflects investor optimism and confidence in the company’s enhanced capabilities and potential for growth. The Navratna status brings added prestige and opportunities for IREDA, positioning it as a key player in India’s energy and infrastructure sectors. […]
IREDA stresses innovative financing solutions for India’s transition to renewable energy – EQ
In Short : “IREDA emphasizes the importance of innovative financing solutions to facilitate India’s transition to renewable energy, highlighting the critical role of financial mechanisms in driving sustainable energy adoption and achieving national energy goals.” In Detail : This was stated by the IREDA CMD Pradip Kumar Das during a panel discussion at the 26th […]
Government renewable power co IREDA achieves all-time high profit – EQ
In Short : Government renewable power company IREDA attains record-high profits, showcasing its financial strength and effectiveness. This achievement underscores its pivotal role in promoting renewable energy adoption and sustainability efforts in India. In Detail : New Delhi [India] : Indian Renewable Energy Development Agency Ltd. (IREDA) achieved an all-time high annual Profit After Tax […]
IREDA’s Strategic Move: GIFT City Office to Boost Green Hydrogen and RE Manufacturing Projects – EQ
In Short – IREDA’s strategic decision to establish an office in GIFT City aims to catalyze green hydrogen and renewable energy manufacturing projects. This move underscores a concerted effort towards sustainable development, aligning with India’s push for clean energy and technological innovation. In Details – IREDA has consistently been at the forefront of renewable energy […]
IREDA Celebrates Legacy: Past Leaders Share Vision for Future – EQ
In Short : IREDA commemorates its legacy as past leaders share their vision for the future, highlighting the organization’s commitment to advancing renewable energy and fostering sustainable development in India. In Detail : On the occasion of “Public Sector Day” on April 10, 2024, Indian Renewable Energy Development Agency Ltd. (IREDA) hosted a gathering, bringing […]
IREDA sanctions record ₹37,354-cr loans in FY24 -EQ
In Short -In FY24, IREDA approves a record-breaking ₹37,354 crore in loans, demonstrating its commitment to financing renewable energy projects and facilitating substantial advancements in the sustainable energy sector.” In Details – State-run Indian Renewable Energy Development Agency (IREDA) has sanctioned a record ₹37,354-crore loans and disbursed loans worth ₹25,089 crore in FY24, its highest […]