In Short : Indian Renewable Energy Development Agency is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). In Detail : Indian Renewable Energy Development Agency Ltd. (IREDA) on November 20 raised a total of ₹643.26 crore from anchor investors including Goldman Sachs, […]
IREDA looks to raise Rs2,150 through IPO priced at Rs30-32 a share – EQ
In Short : IREDA (Indian Renewable Energy Development Agency) is planning to raise approximately Rs2,150 crore through an Initial Public Offering (IPO). The shares are priced at Rs30-32 each, providing investors with an opportunity to support and be a part of India’s renewable energy growth. It’s a great initiative that will contribute to the expansion […]
IREDA Launches CSR Portal to Improve Transparency in CSR Initiatives
In Short : IREDA’s launch of a CSR Portal marks a significant step toward enhancing transparency in its Corporate Social Responsibility initiatives. By providing a centralized platform, stakeholders can now access real-time information about ongoing projects, funding allocation, and the impact of CSR initiatives. This move not only improves accountability but also fosters trust among […]
Ireda Q2FY24 result: PAT up 54% YoY at Rs 285 cr; net NPA down 39% – EQ
In Short : In the second quarter of the financial year 2023-24, the Indian Renewable Energy Development Agency Limited (IREDA) reported positive financial results. The Profit After Tax (PAT) for the quarter increased by 54% Year-over-Year (YoY) to reach Rs 285 crore. Additionally, the net Non-Performing Assets (NPA) decreased by 39%, indicating improved financial health […]
IREDA, the Indian Renewable Energy Development Agency, is set to raise Rs. 1,000 crore through 10-year bonds – EQ
In Short : IREDA, the Indian Renewable Energy Development Agency, is set to raise Rs. 1,000 crore through 10-year bonds. This fundraising initiative will provide essential financial support for renewable energy projects in India. By issuing bonds, IREDA can secure long-term funding, further accelerating the country’s transition to clean and sustainable energy sources. This move […]
Renewable Energy Company IREDA gets upgraded from ‘Schedule B’ to ‘Schedule A’ Central Public Sector Enterprise – EQ
In a significant milestone in its journey towards sustainable energy development, Indian Renewable Energy Development Agency Ltd. (IREDA), the largest pure-play green financing Non-Banking Finance Company in India, has now been upgraded from ‘Schedule B’ to the ‘Schedule A’ category of Central Public Sector Enterprises. The upgradation has been effected through an Office Memorandum dated […]
IREDA signs MoUs with Bank of Maharashtra for Financing Renewable Energy Projects – EQ
Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has signed a significant Memorandum of Understanding (MoU) with Bank of Maharashtra (BoM) today, September 18, 2023. This collaboration aims to promote and facilitate co-lending and loan syndication […]
IREDA holds 14th Stakeholders’ Interaction Meeting – EQ
Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, conducted its 14th Stakeholders’ Interaction Meet today, 16th September, 2023, facilitating constructive discussions for development of Renewable Energy sector and seeking valuable feedback from esteemed business partners. The […]
IREDA signs MoUs with Union Bank of India and Bank of Baroda to co-finance Renewable Energy projects – EQ
In another step towards accelerating the growth of renewable energy in India, Indian Renewable Energy Development Agency Ltd. (IREDA) has signed Memorandums of Understanding (MoUs) with Union Bank of India (UBI) and Bank of Baroda (BoB), on September 5, 2023. These agreements will empower IREDA to collaborate with UBI and BoB, in co-lending and loan […]
IREDA targets Rs 4,350 crore revenues in FY24; Rs 5,220 crore in FY25 – EQ Mag
IREDA achieved a revenue from operations of ₹3,482 crore in FY23, against a target of ₹3,361 crore. The Ministry of New and Renewable Energy (MNRE) on Monday said it has set the revenue targets for the State-run RE sector financier Indian Renewable Energy Development Agency (IREDA) for FY24 and FY25. The government has set a […]