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 […]
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, […]