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 […]
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 […]