Rohini Rawat and Ram Nihal have been appointed as Independent Directors on the Board of IREDA with effect from March 9, 2023 New Delhi : Indian Renewable Energy Development Agency (IREDA) on Thursday announced the appointed of two Independent Directors on its Board. According to the company’s statement, Rohini Rawat and Ram Nihal have been […]
IREDA will be an integral part in achieving 500 GW from non-fossil fuel by 2030: CMD – EQ Mag
New Delhi [India] : Indian Renewable Energy Development Agency Limited (IREDA) Chairman and Managing Director (CMD) Pradip Kumar Das said the Miniratna company stands fully committed towards achieving Prime Minister Narendra Modi’s ‘Panchamrita’ targets and would be an integral part in achieving the 500 GW of non-fossil fuel-based capacity by 2030. Speaking at a cyclothon […]
IREDA gets ‘Infrastructure Finance Company’ status from RBI – EQ Mag
IFC status to allow IREDA to take higher exposure to RE financing and raise funds at competitive rates The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA) today. It was earlier classified as ‘Investment and Credit Company (ICC)’. With the IFC status, IREDA […]
IREDA completes 36 years of existence: 36 km Cyclothon organized to mark the event – EQ Mag
Agency has sanctioned RE loans of more than Rs. 1.45 Lakh Crores and financed RE loans exceeding Rs. 92,000 Crores Indian Renewable Energy Development Agency Limited (IREDA) organised a Cyclothon event today. The event was organised to cover a distance of 36 kms with a minimum coverage of 3.6 kms to commemorate 36 glorious years […]
European Investment Bank’s Global Director meets CMD, IREDA for collaboration on RE and Green Hydrogen projects financing – EQ Mag
Ms. Maria Shaw-Barragan, Global Director, European Investment Bank (EIB), met Shri Pradip Kumar Das, Chairman & Managing Directors (CMD), Indian Renewable Energy Development Agency Limited (IREDA), at IREDA’s corporate office today. Commenting on the potential collaboration, Shri Das said, “IREDA is committed to supporting the growth of Renewable Energy in India through financing, and we […]
IREDA Q3 profit after tax rises 87 per cent to over Rs 200 crore – EQ Mag
State-owned IREDA on Thursday posted a rise of 87 per cent in its profit after tax at Rs 200.75 crore in the December 2022 quarter, mainly on higher income. The company had clocked a PAT (profit after tax) of Rs 107.19 crore during October-December quarter of preceding 2021-22 fiscal, Indian Renewable Energy Development Agency (IREDA) […]
Government targets to launch initial public offers of IREDA, WAPCOS by the coming fiscal, confirms divestment secretary – EQ Mag
The proceeds from the stake sales would form part of the Budgeted disinvestment kitty of Rs 51,000 crore for the next fiscal. The government is targeting to launch the initial public offering (IPO) of clean energy lender IREDA and state-owned engineering consultancy firm WAPCOS in the next fiscal, DIPAM Secretary Tuhin Kanta Pandey said. The […]
Total investment by IREDA, SECI pegged 37 pc higher at Rs 37,828 cr for FY24 – EQ Mag
New Delhi : Total investment by two public sector enterprises under Ministry of New & Renewable Energy is pegged 37 per cent higher at Rs 37,828.15 crore for 2023-24. This is compared with revised estimate (RE) of Rs 27,547.47 crore total investment by the two firms — IREDA and SECI — for 2022-23. The budget […]
MNRE secretary urges IREDA to develop action plan for project financing – EQ Mag
New Delhi [India] : Bhupinder Singh Bhalla, secretary to the Ministry of New and Renewable Energy (MNRE), has urged Indian Renewable Energy Development Agency (IREDA) to develop an action plan for financing renewable energy projects. The central government aims to have 500 giga watt of non-fossil fuel capacity by 2030. The secretary this Friday reviewed […]
Indian Renewable Energy Development Agency eyes 18% rise in revenues in FY23 – EQ Mag
State-owned Indian Renewable Energy Development Agency (IREDA) is targetting an 18 per cent rise in revenue from operations to Rs 3,361 crore this fiscal. IREDA has signed a memorandum of understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the annual performance target for 2022-23, the Ministry of New and Renewable Energy […]