IREDA Incorporates Subsidiary In GIFT City, Gujarat

Indian Renewable Energy Development Agency Ltd. (IREDA) has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat. Named “IREDA Global Green Energy Finance IFSC Limited,” the subsidiary was officially incorporated on 7th May 2024, after receiving the No Objection letter from the Reserve Bank of India on […]

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News Briefs, April 18- Amazon Solar, IREDA, ib Vogt, Sapience Automata

IREDA’s Strategic Move: GIFT City Office to Boost Green Hydrogen and RE Manufacturing Projects Indian Renewable Energy Development Agency Ltd. (IREDA) has inaugurated an office in GIFT City, Gandhinagar, specializing in the provision of Foreign Currency-denominated debt options which will significantly reduce the financing costs associated with Green Hydrogen and Renewable Energy Manufacturing projects, facilitating […]

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IREDA Witnesses 26.71% Growth In Loan Book In 2023

Indian Renewable Energy Development Agency Limited (IREDA), a green Non-Banking Financial Company (NBFC) in the country, claims to have achieved its highest-ever annual loan sanctions and disbursements in the financial year 2023-24. IREDA has sanctioned loans amounting to Rs. 37,354 crores and disbursed loans worth Rs. 25,089 crores during the fiscal year. This has led […]

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SJVN Signs Power Usage Agreement With J&K Power Corporation

SJVN Green Energy Limited subsidiary of SJVN Green Energy Limited (SGEL) recently signed a Power Usage Agreement (PUA) with Jammu & Kashmir Power Corporation Limited (JKPCL) for 300 MW Solar Power Capacity. Further, under this agreement, 300 MW of power is expected to be supplied to JKPCL from the under-construction of the 1,000 MW Bikaner […]

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GERC Revises Tariff To Rs 2.57 For 700 MW Project Between SECI, GUVNL

Gujarat Electricity Regulation Commission (GERC) recently approved the power usage agreement signed by Gujarat Urja Vikas Nigam Limited (GUVNL) with Solar Energy Corporation of India Limited (SECIL). The agreement was undertaken for procurement of 700 MW power from their solar PV power plant that is to be set up under Ministry of New and Renewable […]

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IREDA To Establish Subsidiary For Retail Finance

In a clear sign of its determination to go it alone if required for achieving solar rooftop targets, the Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA), Pradip Kumar Das has confirmed IREDA’s plans for establishing a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other […]

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IREDA and IIT Bhubaneswar Collaborate To Support RE Research In Startup

Indian Renewable Energy Development Agency Ltd. (IREDA) an Indian public sector enterprise that provides financial assistance and other services to projects related to renewable energy, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Bhubaneswar. The MoU, inked today at the 100 Cube Start-up Conclave held at IIT Bhubaneswar, aims […]

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IREDA Witnesses 67% Profit In Q3, Earnings Per Share Up by 57%

Indian Renewable Energy Development Agency Ltd. (IREDA) recently announced its audited financial results for the third quarter of the fiscal year 2023-24. The company reported a 67% increase in profit, reaching a Profit After Tax (PAT) of ₹ 335.54 crores for the quarter. This performance is attributed to the consistent growth in the loan book […]

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IREDA Signs MoU with IOB For Co-lending For Renewable Energy Projects

Indian Renewable Energy Development Agency Ltd. (IREDA), a non-banking financial institution under the Ministry of New and Renewable Energy (MNRE), has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) pertaining to co-lending and loan syndication for a diverse spectrum of renewable energy projects across the country. The MoU includes provisions for co-lending […]

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