IREDA raises Rs 12.47 billion through perpetual bonds
Author: PPD Team Date: 24/03/2025
The Indian Renewable Energy Development Agency (IREDA) has launched its first-ever perpetual bonds, raising Rs 12.47 billion at an annual coupon rate of 8.40 per cent.
This move aims to optimize its capital structure and take advantage of favourable market conditions.
The bond issuance is a key step in enhancing IREDA’s Tier-I capital, ensuring a stronger financial foundation to support India’s growing green energy infrastructure.
Alongside this, IREDA has received a Rs 0.24 billion tax refund from the income tax department for the assessment year 2011-12. Additionally, a refund of Rs 1.95 billion is under process for assessment years 2010-11, 2012-13, 2013-14, and 2015-16 to 2018-19.