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.
At the close, Sensex was 17 points, or 0.02 per cent, higher at 73,895.54, while the Nifty 50 closed 33 points, 0.15 per cent , lower at 22,442.70.
India's ambitious goal of achieving 500 GW of non-fossil-fuel energy capacity by the year 2030, positions it as a beacon of hope in the global fight against climate change
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.
