IREDA records 145% jump in loan sanctions, 81% rise in disbursements
IREDA recorded a 145% jump in loan sanctions to Rs 21,408 crore in Q2 FY25, compared to Rs 8,724 crore in the same period last year."
IREDA recorded a 145% jump in loan sanctions to Rs 21,408 crore in Q2 FY25, compared to Rs 8,724 crore in the same period last year."
The Central Board of Direct Taxes (CBDT) has notified bonds issued by the Indian Renewable Energy Development Agency Ltd (IREDA) as “long-term specified asset” under section 54EC of the Income-tax Act, 1961.
The QIP, launched on June 5 and closed on June 10, saw the allotment of 12.15 crore equity shares at ₹165.14 per share—including a premium of ₹155.14 over the ₹10 face value—representing a 5% discount to the floor price of ₹173.83, the ministry said.
The perpetual bonds were issued at an annual coupon rate of 8.40 per cent.
The joint venture agreement lays out a comprehensive framework for the project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer model, with a 25-year project term from the commercial operation date.
Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned over Rs 3,000 crore for green energy projects across Odisha, covering solar, hydro, ethanol and renewable energy manufacturing sectors, IREDA chairman and managing director Pradip Kumar Das said on Monday.
The Department of Administrative Reforms and Public Grievances launched special campaign 4.0 for institutionalizing Swachhata and minimizing pendency in government offices from October 2-31.
“I am happy over IREDA's excellent second-quarter results,” stated Union Minister for New and Renewable Energy and Food, Public Distribution, Joshi.
The subsidiary was officially incorporated on May 7 after the approval of the RBI which came through in February this year.
The Indian Renewable Energy Development Agency Ltd (IREDA) has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat for green financing.
