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 […]
IREDA Discusses Renewable Energy Growth with Pralhad Joshi – EQ
In Short : The Indian Renewable Energy Development Agency (IREDA) recently discussed the growth of renewable energy with Union Minister Pralhad Joshi. The talks focused on strategies to accelerate the adoption of renewable energy in India, addressing challenges, and exploring opportunities for expanding green energy initiatives. This discussion highlights the government’s ongoing efforts to enhance […]
IREDA Secures International Credit Rating from S&P, Eyes Enhanced Global Presence – EQ
In Short : The Indian Renewable Energy Development Agency (IREDA) has secured an international credit rating from S&P, aiming to strengthen its global presence. This rating is expected to boost IREDA’s credibility in international markets, facilitating better access to global financing. The agency’s enhanced global standing will support its mission to promote renewable energy projects […]
IREDA Board approves fundraising plan for upto Rs 4,500 cr – EQ
In Short : The IREDA Board has approved a fundraising plan of up to ₹4,500 crore. This initiative aims to bolster the company’s financial resources, enabling further investments in renewable energy projects across India. The funds will support IREDA’s mission to promote clean energy and contribute to the country’s sustainable development goals. In Detail : […]
IREDA and BHEL plan to expedite India’s renewable energy growth – EQ
In Short : IREDA and BHEL are collaborating to accelerate India’s renewable energy growth. This partnership aims to boost the development of renewable projects across the country, leveraging IREDA’s financial expertise and BHEL’s engineering capabilities. By working together, they plan to enhance the deployment of clean energy solutions, supporting India’s goal of increasing its renewable […]
IREDA’s 17th Stakeholders’ Meet: CMD Outlines Commitment to Maintain Asset Quality – EQ
In Short : At the 17th Stakeholders’ Meet of the Indian Renewable Energy Development Agency (IREDA), the Chairman and Managing Director (CMD) reaffirmed the agency’s commitment to maintaining high asset quality. This focus is crucial for sustaining financial stability and ensuring continued support for renewable energy projects. The CMD emphasized IREDA’s dedication to prudent risk […]
Ireda to float FPO of Rs 4,500 crore; firm to take nod in meeting – EQ
In Short : IREDA plans to launch a follow-on public offer (FPO) worth ₹4,500 crore. The firm will seek approval for this move in an upcoming meeting. The funds raised from the FPO will likely be used to strengthen its capital base and support its renewable energy financing initiatives. In Detail : Public sector non-banking […]