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 […]
IREDA to invest ₹290 crore in Nepal’s 900 MW hydroelectric project – EQ
In Short : The Indian Renewable Energy Development Agency (IREDA) plans to invest ₹290 crore in Nepal’s 900 MW hydroelectric project. This investment aims to enhance renewable energy collaboration between India and Nepal, promoting sustainable energy development in the region. In Detail : The Board of Directors of IREDA gave in-principle approval for the equity […]
IREDA share price: Experts see big upside after strong Q1 results 2024. Buy or sell? – EQ
In Short : IREDA share price: The Indian Renewable Energy Development Agency (IREDA) has emerged as a significant player in the Indian stock market, being the first PSU company to declare its promising Q1 results 2024. In Detail : The company’s 30 percent YoY rise in PAT and a 32 percent rise in operational revenue […]
Ireda Q1FY25 results: Net profit surges over 30% to Rs 383.69 crore – EQ
In Short : IREDA’s Q1FY25 results show a net profit surge of over 30%, reaching Rs 383.69 crore. In Detail : As the largest pure-play green financing NBFC in the country, it stated that Ireda achieved a new industry standard by publishing its audited financial results within only 12 days Indian Renewable Energy Development Agency […]
IREDA bond issue raises Rs 1500 crore, oversubscribed 2.65 times – EQ
In Short : IREDA’s bond issue raised ₹1,500 crore, being oversubscribed 2.65 times. The strong investor interest underscores confidence in the organization’s ability to finance renewable energy projects and support India’s clean energy transition. In Detail : State-owned Indian Renewable Energy Development Agency (Ireda) on Friday said it has raised Rs 1,500 crore through a […]
IREDA aims to become a Maharatna PSU by financial year 2030; – EQ
In Short : IREDA aims to achieve Maharatna PSU status by FY 2030. The plan includes expanding its renewable energy portfolio, increasing funding for green projects, enhancing financial performance, and meeting the stringent criteria for Maharatna designation, demonstrating its commitment to driving sustainable energy growth in India. In Detail : IREDA has set out some […]
IREDA eyes FPO to boost renewable energy funding – EQ
In Short : IREDA is considering a follow-on public offer (FPO) to boost funding for renewable energy projects. This move aims to raise capital to support the expansion of renewable energy initiatives, reinforcing IREDA’s commitment to promoting sustainable energy development in India. In Detail : IREDA launched its initial public offering (IPO) in December 2023 […]