Indian Renewable Energy Development Agency Limited (IREDA) has signed a Facility Agreement today for raising External Commercial Borrowing (ECB) from SBI, Tokyo Branch for JPY 26 billion, including a Green Shoe Option of JPY 10 billion. This five-year unsecured facility, with bullet payment at maturity, is set to strengthen IREDA’s global market presence. The landed […]
IREDA raises funds amounting to Rs 910.37 crore via issuance of Tier-II bonds – EQ
In Short : The Indian Renewable Energy Development Agency (IREDA) has successfully raised ₹910.37 crore through the issuance of Tier-II bonds. This fundraising aims to strengthen IREDA’s capital base and support financing for renewable energy projects across the country. The move aligns with India’s clean energy push, enabling increased investments in solar, wind, and other […]
IREDA Launches First-Ever Perpetual Bonds to Raise ₹1,247 Crore, Receives ₹24.48 Crore Tax Refund – EQ
In Short : New Delhi – The Indian Renewable Energy Development Agency (IREDA) has successfully issued its first-ever perpetual bonds, raising ₹1,247 crore to bolster green energy financing. Additionally, IREDA received a tax refund of ₹24.48 crore, further strengthening its financial position. These initiatives underscore IREDA’s commitment to supporting India’s renewable energy goals and expanding […]
CMD, IREDA Outlines Vision for Strengthening Green Financing Ecosystem at RBI Policy Seminar – EQ
In Short : New Delhi – The CMD of IREDA outlined a vision to strengthen India’s green financing ecosystem at an RBI policy seminar. Emphasizing the need for innovative financial tools, tax incentives, and risk-sharing mechanisms, he called for collaboration with RBI and global best practices to support India’s 500 GW renewable energy target by […]
IREDA celebrates 39 years with solid growth, ambitious plans – EQ
In Short : IREDA celebrated its 39th anniversary, highlighting its role in financing over 20 GW of renewable energy projects in India. The agency supports solar, wind, and emerging technologies like green hydrogen, aiming to help achieve India’s 500 GW renewable target by 2030. With ambitious plans, IREDA continues to drive sustainable energy growth, leveraging […]
22nd EGM: IREDA Shareholders Approve up to ₹5,000 Crore Fundraising via QIP – EQ
In Short : At its 22nd Extraordinary General Meeting (EGM), IREDA shareholders approved a ₹5,000 crore fundraising plan through a Qualified Institutional Placement (QIP). The funds will support renewable energy financing, boosting India’s green energy transition. This move strengthens IREDA’s capital base, enabling greater investments in solar, wind, and other clean energy projects. In Detail […]
IREDA Showcases Green Financing Leadership at Make in Odisha Conclave 2025 – EQ
In Short : At the Make in Odisha Conclave 2025, PM Narendra Modi visited IREDA’s pavilion, themed “Responsible for Renewables.” CMD Pradip Kumar Das highlighted IREDA’s role in financing clean energy for India’s 500 GW non-fossil fuel target by 2030. IREDA reaffirmed its commitment to supporting India’s green energy transition and achieving net-zero emissions by […]
IREDA, SJVN, GMR and NEA Seal Partnership for 900 MW Upper Karnali Hydropower Project in Nepal – EQ
Indian Renewable Energy Development Agency Ltd. (IREDA) has finalized a Joint Venture Agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali Hydro-electric Project in Nepal. This strategic initiativeaims to strengthen regional energy security and accelerate renewable energy growth. The joint venture agreement lays […]
IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT – EQ
In Short : IREDA’s Q3 results showcase impressive growth, with a 36% increase in revenue and a 27% rise in Profit After Tax (PAT). This strong performance reflects IREDA’s strategic focus on expanding its renewable energy portfolio and enhancing operational efficiency. The results underscore the company’s robust financial health and its pivotal role in supporting […]
IREDA Achieves ‘Excellent’ Rating for Fourth Consecutive Year in MoU Performance – EQ
In Short : The Indian Renewable Energy Development Agency (IREDA) has earned an ‘Excellent’ rating for the fourth consecutive year in its Memorandum of Understanding (MoU) performance with the Ministry of New and Renewable Energy (MNRE). This achievement highlights IREDA’s consistent excellence in promoting renewable energy projects and its significant contribution to India’s sustainable energy […]