IREDA

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IREDA arm sanctions first overseas green energy loan
By January 19, 2026January 19, 2026

Indian Renewable Energy Development Agency Limited (IREDA) has announced that its wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), has sanctioned its first international green energy loan. The $22.5 million facility will support a 100 MW photovoltaic solar power project in Serenje District, Zambia. IREDA informed the stock exchanges through a regulatory filing dated 16 January 2026. The loan was approved at a Board meeting of IGGEFIL held in New Delhi and…

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IREDA Q3 FY 2024-25 revenue rises 36% to Rs 1,699 crore
By January 12, 2026January 12, 2026

Indian Renewable Energy Development Agency Ltd. (IREDA) has reported strong year on year growth across financial and operational indicators in the third quarter of FY 2024-25. For Q3 FY 2024-25, revenue from operations rose to Rs 1,698.99 crore, up 35.57% from Rs 1,253.20 crore in the corresponding quarter of the previous year. Profit before tax (PBT) increased to Rs 538.20 crore, compared to Rs 386.14 crore, marking a growth of 39.38%. Profit after tax (PAT)…

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IREDA reports 86 per cent growth in loan sanctions in H1 FY 2025-26
By October 3, 2025October 28, 2025

Indian Renewable Energy Development Agency Limited (IREDA) has reported strong growth in its key business indicators for the half year ended September 30, 2025, based on provisional data. Loan sanctions rose by 86 per cent to Rs 331.48 billion in H1 FY 2025-26, up from Rs 178.60 billion in the same period last year. Loan disbursements increased by 54 per cent to Rs 150.43 billion, compared to Rs 97.87 billion in H1 FY 2024-25. As…

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News | India | Renewable Energy

IREDA sanctions Rs 1,134 crore loan for Insolation Green’s solar cell plant
By September 23, 2025October 28, 2025

Indian Renewable Energy Development Agency Limited (IREDA) has approved a loan of Rs 1,134 crore for Insolation Green Energy, a wholly owned subsidiary, to develop a 4.5 GW solar cell manufacturing unit in Madhya Pradesh. The company said the total project cost is estimated at Rs 1,512 crore, of which IREDA will provide Rs 1,134 crore, with the balance Rs 378 crore to be funded through internal accruals. The plant will be set up in…

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News | Finance | India

IREDA raises Rs 4.53 billion through second perpetual bond issue
By September 12, 2025October 28, 2025

The Indian Renewable Energy Development Agency (IREDA) has mobilised Rs 4.53 billion through its second perpetual bond issue at a coupon rate of 7.70 percent per annum. The issue received bids worth Rs 13.43 billion against the base size of Rs 1 billion and a green shoe option of Rs 4 billion, resulting in an oversubscription of 2.69 times. Proceeds will be used to strengthen IREDA’s capital base and finance renewable energy projects across India….

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IREDA signs MoU with MNRE, setting FY 2025-26 performance targets
By August 26, 2025August 26, 2025

The Indian Renewable Energy Development Agency Limited (IREDA) has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the financial year 2025-26. Under the agreement, IREDA has been given a Revenue from Operations target of Rs 8,200 crore for FY 2025-26. In the previous fiscal year, the company achieved Rs 6,743.32 crore in revenue, surpassing the set target of Rs 5,957 crore. The MoU also specifies performance…

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CBDT grants IREDA bonds tax-exempt status
By July 14, 2025July 14, 2025

The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has notified that bonds issued by Indian Renewable Energy Development Agency Ltd. (IREDA) will be treated as ‘long-term specified assets’ under section 54EC of the Income-tax Act, 1961. The notification took effect on July 9, 2025. As per the notification, IREDA bonds that are redeemable after five years and issued on or after the effective date will qualify for capital gains tax exemption…

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India | News

IREDA sanctions Rs 117.40 billion in Q1
By July 7, 2025July 7, 2025

The Indian Renewable Energy Development Agency (IREDA) has sanctioned Rs 117.40 billion in loans during the first quarter of FY26, marking a 29 per cent increase from Rs 91.36 billion in the same period last year. Loan disbursements also rose by 31 per cent year-on-year to Rs 69.81 billion. IREDA’s outstanding loan book stood at Rs 799.60 billion at the end of the quarter, 27 per cent higher than the Rs 632.07 billion recorded in…

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India | News

Oyster Renewable and Jindal Stainless to build hybrid project
By June 9, 2025June 9, 2025

Oyster Renewable Energy has partnered with Jindal Stainless Limited to develop a 282 MW interstate transmission system (ISTS)-connected wind-solar hybrid project. The project will supply renewable power to Jindal Stainless’ manufacturing units. It will be built across two sites—Bhuj in Gujarat and Agar in Madhya Pradesh. The Bhuj site will host 99 MW of wind capacity, while the Agar site will have 82 MW of wind and 135 MWp of solar capacity. The project will…

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IREDA and Waaree Renewable report profit growth in 2024–25
By April 21, 2025April 21, 2025

Indian Renewable Energy Development Agency Limited (IREDA) has posted a net profit of Rs 16.98 billion for 2024–25. This marks a 35.62 per cent rise from Rs 12.52 billion in the previous year. The company’s total income increased by 36.07 per cent to Rs 67.56 billion, up from Rs 49.65 billion in 2023–24. Waaree Renewable Technologies Limited also reported a significant jump in profitability. Its net profit rose to Rs 2.29 billion in 2024–25, up…

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