ireda

ireda, the largest pure-play green energy financer in India, focuses on lending to the renewable energy sector. With a reasonable valuation, ireda IPO should be subscribed to by long-term investors.

Indian Renewable Energy Development Agency Limited (ireda) has opened the online applications for recruitment of General Manager, Additional General Manager, and various other posts.

The government on Wednesday approved equity infusion of Rs 1,500 crore in the Indian Renewable Energy Development Agency (ireda), which would raise its additional lending capacity by Rs 12,000 crore.

ireda's board has approved raising up to Rs 5,000 crore via qualified institutions placement (QIP). The funds will support green energy financing. The President of India's shareholding will not dilute more than 7%. Necessary approvals from shareholders and regulatory authorities are pending.

A comptroller and auditor general report has blamed Indian Renewable Energy Development Agency Ltd for causing loss to the exchequer of more than Rs 238 crore due to one-time settlements of loans the agency had extended to several companies.

Pradip Kumar Das, chairman of ireda, proposes a green bond taxonomy for the renewable energy sector to monetize funded projects. ireda plans to invest Rs 5 lakh crore by 2030 and has opened an office at GIFT City to save on hedging costs. The agency targets Maharatna status by 2029.

ireda has initiated insolvency proceedings against Gensol Engineering, citing a default of ₹510 crore. This action follows a SEBI investigation revealing that Gensol's promoters misused loan funds for personal gains and stock manipulation. The Jaggi brothers, also linked to BluSmart, face scrutiny after stepping down from Gensol's board due to SEBI directives.

The Cabinet on Wednesday cleared equity infusion of Rs 1,500 crore into ireda (Indian Renewable Energy Development Agency) to boost its lending capacity as the government targets ssetting up of 450 GW green energy capacity as part of fulfilling its COP26 net-zero promise.

State-owned Indian Renewable Energy Development Agency (ireda) has achieved a remarkable 41% growth in loan disbursements, reaching Rs 17,236 crore in the December quarter. Loan sanctions surged by 129% Year-on-Year to Rs 31,087 crore. The outstanding loan book increased by 36%, reflecting stakeholders' growing confidence in ireda's role in supporting green energy projects.

Indian Renewable Energy Development Agency Ltd. (ireda) has successfully raised Rs 2,005.90 crore through a Qualified Institutions Placement (QIP), said a statement from Ministry of New and Renewable Energy on Wednesday.

In the December quarter, ireda's net profit grew by nearly 27% to Rs 425.37 crore, driven by a 35.57% increase in revenue from operations. The company’s net worth reached Rs 9,842.07 crore, reflecting a 21% year-on-year growth. EPS improved to Rs 1.58.

CAG has flayed ireda for violation of financial guidelines in connection with Rs 48.65-crore loan to the PSKL for which its promoters and directors including Gadkari had given "personal guarantee."

New Delhi, Oct 9 () Anil Ambani led Reliance Capital arm will get a loan assistance of Rs 300 crore from government body ireda to utilise funds for on-lending to renewable energy sector.

New Delhi, Dec 26 () State-run Indian Renewable Energy Development Agency (ireda) has filed draft papers with markets regulator Sebi to float an initial public offering.

ireda opens office in Gift City, Gandhinagar to finance renewable energy and green hydrogen projects in foreign currencies. Pradip Kumar Das announces at World Future Energy Summit 2024. Received RBI approval for fully owned subsidiary at IFSC. Aims to achieve 5MTPA Hydrogen production by 2030.