CMD Das emphasised the critical role that energy storage will play in achieving the National Green Hydrogen Mission’s ambitious target of over 5 million metric tonnes per annum (MTPA) Hydrogen production by 2030.
This has led to a significant growth of 26.71% in the loan book, which now stands at Rs 59,650 crores.
Reacting to the development, the IREDA stock fell 3.2% to quote Rs 125.2 apiece on the NSE in the early morning trade.
The agreement was signed at IREDA's registered office, which paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects.
Company’s revenue from Operations stands at Rs 1,253.20 crores as against Rs 868.98 crores, up by 44.21% for this quarter.
The MoU aims at setting the stage for collaborative efforts in co-lending and loan syndication for a diverse spectrum of Renewable Energy projects across the nation.
The Department of Investment and Public Asset Management (DIPAM) will drive the listing process.
BluSmart Mobility will use the fresh capital to purchase 3,000 all-electric cars, leading to an expansion of its EV fleet. From the sanctioned loan of Rs 267.67 crore, the first tranche of Rs 35.70 crore has been disbursed by IREDA to the company.
With this infusion, the IREDA would be able to lend Rs.12000 crore to the RE sector, and thus facilitate the debt requirement of RE of additional capacity of approximately 3500-4000 MW.
SJVN chairman and managing director Nand Lal Sharma said the company bagged the project through an open competitive bidding process for quoted capacity of 1,000 MW at the maximum tariff of Rs 2.45 per unit.
