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IREDA has received approval to establish a wholly-owned subsidiary dedicated to retail and B2B operations in the renewable energy sector. This strategic move will streamline access to solar energy solutions, support government initiatives like PM-Suryaghar and PM-KUSUM, and promote sustainable growth across India’s energy landscape.
SJVN and IREDA, in partnership with GMR Group, have announced a transformative $1.08 billion hydroelectric project in Nepal. This major investment, structured with a 70:30 debt-to-equity ratio, is set to significantly enhance regional energy infrastructure. Discover the details of the project’s financing, share distribution, and how this move is impacting stock prices and future growth prospects for all involved parties.
Ireda’s recent decision to raise up to Rs 4,500 crore marks a pivotal moment for the company and India’s renewable energy sector. This strategic fundraising initiative, pending regulatory approvals, aims to bolster Ireda’s financial strength and expand its impact on sustainable energy projects. Dive into the details of this major move and its potential implications for investors and the broader clean energy landscape
In FY25, the Indian Renewable Energy Development Agency (IREDA) aims to raise Rs 29,500 crore, comprising Rs 25,000 crore from debt and Rs 4,500 crore from equity. This substantial funding is set to boost renewable energy projects across India. Additionally, IREDA is advancing its Green Taxonomy framework to standardize green investments, while also seeking government approval for a strategic reduction in its stake. Explore how these developments will shape the future of India's renewable energy landscape.
On August 22, 2024, IREDA's stock price surged by 9%, hitting an intraday high of Rs 259.35. This significant increase follows the company's announcement of plans to raise up to Rs 4,500 crore through various fundraising strategies, including Further Public Offer (FPO) and Qualified Institutional Placement (QIP). Explore how this move could impact IREDA's role in advancing renewable energy projects and its future growth prospects.
In the first quarter of the fiscal year, the Indian Renewable Energy Development Agency (IREDA) reported a remarkable 30.25% increase in net profit, reaching Rs 383.69 crore. This significant growth was driven by higher revenues and strategic initiatives. IREDA's strong performance highlights the potential for profitability in the renewable energy sector, encouraging further investments and contributing to a sustainable energy future for India.