In Short – IREDA’s board has cleared a proposal to borrow Rs 24,200 crore for the fiscal year 2025. This significant borrowing allocation indicates the organization’s strategic financial planning and its commitment to support renewable energy initiatives and projects in the coming year. In Detail – State-owned Indian Renewable Energy Development Agency Ltd’s (IREDA) board on […]
IREDA celebrates 38th Foundation Day – EQ
IREDA celebrates 38th Foundation Day IREDA has achieved ‘Excellent’ Rating for the 3rd Consecutive Year: CMD Indian Renewable Energy Development Agency Ltd. (IREDA) celebrated its 38th Foundation Day on March 11, 2024, marking a significant milestone in its journey towards fostering renewable energy development in India. The Foundation Day celebration provided a valuable opportunity to […]
IREDA holds Strategic Meet, outlines plans for Business Expansion and Cost Reduction – EQ
In Short : The Indian Renewable Energy Development Agency (IREDA) held a Strategic Meet where it outlined plans for business expansion and cost reduction. This suggests a commitment to enhancing renewable energy initiatives, possibly involving increased investments, project development, and efficiency measures to contribute to India’s sustainable energy goals. In Detail : Indian Renewable Energy […]
IREDA Releases Vigilance Journal ‘Pahal’ – EQ
In Short : IREDA (Indian Renewable Energy Development Agency) has released its vigilance journal named ‘Pahal.’ This publication likely aims to promote awareness and transparency in organizational processes, focusing on vigilance-related matters within the context of renewable energy development in India. In Detail : Indian Renewable Energy Development Agency (IREDA), Government of India enterprise under […]
IREDA Q3 Results: Net profit zooms 67% to Rs 335 crore – EQ
In Short : IREDA’s Q3 results reveal a remarkable performance, with a substantial 67% surge in net profit, reaching Rs 335 crore. This significant increase underscores the positive financial trajectory and efficiency of the company during the reported quarter. In Detail : New Delhi, State-owned IREDA on Saturday posted a 67 per cent rise in […]
IREDA, Indian Overseas Bank ink pact to co-finance renewable energy projects – EQ
15th Stakeholders’ Meet: CMD, IREDA Highlights Financial Viability for Emerging Renewable Energy – EQ
In Short : During the 15th Stakeholders’ Meet, the Chairman and Managing Director (CMD) of IREDA highlighted the financial viability for emerging renewable energy projects. This emphasizes the crucial role of financial sustainability in promoting and supporting the growth of renewable energy initiatives. In Detail : Shri Pradip Kumar Das, Chairman and Managing Director of […]
IREDA Chairman Emphasizes MSMEs’ Vital Role in Renewable Energy Sector at COP 28 – EQ
In Short : At COP28, the Chairman of the Indian Renewable Energy Development Agency (IREDA) emphasized the vital role of Micro, Small, and Medium Enterprises (MSMEs) in the renewable energy sector. This recognition underscores the importance of engaging and empowering MSMEs to contribute significantly to India’s renewable energy goals and sustainable development. In Detail : […]
IREDA IPO: PSU raises ₹643 crore from anchor investors ahead of the issue opening – EQ
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 […]