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 […]
Union Minister Shri Pralhad Joshi Flags Off 10 Battery-Operated Vehicles at Jagannath Temple,Odisha as part of IREDA CSR Initiative – EQ
In Short : Union Minister Shri Pralhad Joshi flagged off 10 battery-operated vehicles at the Jagannath Temple in Odisha as part of the Indian Renewable Energy Development Agency’s (IREDA) CSR initiative. The eco-friendly vehicles are aimed at reducing pollution and promoting sustainable transport in the temple area, enhancing the experience for pilgrims while supporting India’s […]
CMD, IREDA Emphasizes Role of Renewables in Achieving Net Zero Target – EQ
In Short : The Chairman and Managing Director of IREDA emphasized the crucial role of renewable energy in India’s journey toward achieving net zero targets. Highlighting the need for increased investment and innovation in clean energy technologies, he underscored that transitioning to renewables is essential for sustainable development and climate action. This commitment is vital […]
IREDA To Setup Subsidiary For Retail Business, Gets Govt’s Nod – EQ
In Short : IREDA has received government approval to establish a subsidiary focused on retail business. This new entity aims to expand financing options for renewable energy projects and facilitate access for smaller consumers and businesses. By diversifying its offerings, IREDA intends to boost investment in the renewable sector, supporting India’s transition to sustainable energy […]
IREDA Q2 Results:PAT Grows 36%, Loan Sanctions Jump 206% – EQ
Indian Renewable Energy Development Agency Ltd. (IREDA) announced its financial results for the second quarter of fiscal year 2024-25 today. As the country’s leading Green Financing NBFC, IREDA has continued to set industry benchmarks by publishing its Financial Results within just 10 days, reaffirming its status as the first Central Public Sector Enterprise (CPSE) in […]
IREDA to Raise Approx. ₹4500 Crore Through Fresh Equity Issue; Govt Shareholding to be Diluted via QIP – EQ
Indian Renewable Energy Development Agency Limited (IREDA) today received approval from the Department of Investment and Public Asset Management (DIPAM) for raisingapproximately ₹4500 crore through fresh equity issue. The approval was granted by DIPAM based on the recommendations of a High-Level Committee. The fund-raising will be carried out through the Qualified Institutions Placement (QIP) route, […]
Prime Minister Shri Narendra Modi Visits IREDA Pavilion at RE-INVEST – EQ
In Short : Prime Minister Narendra Modi visited the Indian Renewable Energy Development Agency (IREDA) pavilion during the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) in Gandhinagar, Gujarat. He was briefed on IREDA’s contributions to India’s renewable energy growth, including its efforts to meet the national goal of 500 GW non-fossil fuel capacity […]
Ireda inks initial pacts with SJVN, GMR for 900 MW hydro project in Nepal – EQ
In Short : The Indian Renewable Energy Development Agency (IREDA) has signed initial agreements with SJVN and GMR to support the development of a 900 MW hydroelectric project in Nepal. These collaborations aim to boost cross-border renewable energy cooperation, harness Nepal’s hydro potential, and promote clean energy initiatives in the region. In Detail : The […]
IREDA to raise Rs 29,500 crore through debt and equity in FY25 – EQ
In Short : The Indian Renewable Energy Development Agency (IREDA) plans to raise Rs 29,500 crore in FY25 through a combination of debt and equity. This fundraising initiative aims to support the expansion of renewable energy projects across India. The funds will be crucial in financing various green energy initiatives, contributing to the country’s goal […]