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Latest news about IREDA

IREDA Plans Rs 2,500-3,000 Crore QIP Fundraise, Reports Strong Q1 Performance 4 days ago

IREDA aims to raise Rs 2,500-3,000 crore through a QIP this fiscal year, following a successful IPO and recent QIP. The company has recovered over Rs 100 crore from Gensol Engineering, with insolvency proceedings initiated. IREDA's Q1 results show significant growth, with operating profit up 49% and total income up 30%. The company's outstanding loan book reached Rs 79,941.00 crore, and its net worth rose to Rs 12,402.00 crore. CBDT has notified IREDA bonds as 'long-term specified assets', offering tax benefits to investors from July 2025.

Ireda Makes 60% Provisioning for Gensol Engineering, Sees Asset Quality Challenges in Q1 4 days ago

IREDA Targets 3.7% Net Interest Margin, Plans Rs 5,000 Crore Bond Issuance Jul 13, 2025

IREDA Reports Mixed Q1 Results: Profit Dips, Revenue Surges Jul 10, 2025

IREDA Reports 36% Profit Decline in Q1, Files Insolvency Against Gensol; Asset Quality Deteriorates Jul 10, 2025

More news about IREDA

10Jul 25

IREDA Gains Tax-Exempt Status for Bonds, Stock Rises Ahead of Q1 Results

IREDA has received approval to raise funds through 54EC (capital gains) bonds, becoming the sixth state-run company with this fundraising option. The Central Board of Direct Taxes (CBDT) has granted tax-exempt status to IREDA's bonds, effective July 9, 2025. The funds raised must be used exclusively for renewable energy projects capable of servicing debt from their revenue streams. IREDA's shares rose 3.00% ahead of Q1 earnings announcement, with the company reporting strong growth in loan sanctions and disbursements.

07Jul 25

IREDA Set to Review Q1 Results on July 10

Indian Renewable Energy Development Agency (IREDA) has announced plans to review its first quarter results on July 10. This review will assess the company's financial performance for the most recent quarter, providing insights into IREDA's operations and potentially reflecting broader trends in India's renewable energy sector. The review is expected to cover aspects such as loan disbursements, revenue generation, profitability metrics, and updates on key initiatives.

01Jul 25

IREDA's Q1 Loan Book Surges to Nearly Rs 80,000 Crore

Indian Renewable Energy Development Agency (IREDA) has shown significant growth in Q1. Loans sanctioned increased by 29% to Rs 11,740.00 crore, while loan disbursements rose by 31% to Rs 6,981.00 crore. The loan book outstanding reached Rs 79,960.00 crore, a 27% increase year-on-year. IREDA also raised Rs 2,000.00 crore through a Qualified Institutional Placement, with the government's stake now at 71.76%.

30Jun 25

IREDA Reports Impressive Growth in Loan Sanctions and Disbursements, Loan Book Surges 27% in Q1

Indian Renewable Energy Development Agency (IREDA) has reported significant growth across key financial metrics. Loan sanctions increased by 29% to ₹11,740.00 crore, while disbursements rose by 31% to ₹6,981.00 crore. The company's outstanding loan book expanded by 27% to ₹79,960.00 crore. IREDA has also set a floor price of ₹173.83 per share for a ₹5,000.00 crore Qualified Institutional Placement (QIP).

13Jun 25

NCLT Accepts ₹5.1 Billion Insolvency Petition Against Gensol Engineering

The National Company Law Tribunal (NCLT) has accepted an insolvency petition filed by Indian Renewable Energy Development Agency (IREDA) against Gensol Engineering for ₹5.1 billion. Gensol's EV lease is reportedly valued at ₹2.19 billion. This development could lead to debt resolution proceedings and potential restructuring of the company.

11Jun 25

IREDA Raises ₹2,000 Crore Through QIP, LIC Secures 50% Allotment

Indian Renewable Energy Development Agency (IREDA) has raised ₹2,000 crore through a Qualified Institutional Placement (QIP), issuing 12.14 crore equity shares at ₹155.14 per share. Life Insurance Corporation of India (LIC) received 50% of the total shares issued. The QIP increased IREDA's paid-up equity share capital from ₹2,687.00 crore to ₹2,809.00 crore, strengthening its financial position. This capital infusion is expected to enhance IREDA's capacity to finance renewable energy projects, potentially accelerating India's transition to cleaner energy sources.

10Jun 25

IREDA Sets Base Price at ₹165.14 for 121.4 Million Share QIP

Indian Renewable Energy Development Agency (IREDA) Board of Directors has approved a Qualified Institutional Placement (QIP) of 121.4 million shares with a base price of ₹165.14 per share. This move aims to raise capital, potentially to expand lending capacity for renewable energy projects, strengthen the company's balance sheet, and support India's growing renewable energy sector.

06Jun 25

IREDA Launches ₹4,500 Crore QIP, Sets Floor Price at ₹173.83 Per Share

Indian Renewable Energy Development Agency Ltd (IREDA) has initiated a Qualified Institutional Placement (QIP) to raise up to ₹4,500 crore. The floor price is set at ₹173.83 per share, a 1.7% discount from the previous closing price. The government holds a 75% stake in IREDA, while retail shareholders own 20.25%. The QIP aims to attract institutional investors and provide capital for expanding IREDA's lending activities in the renewable energy sector.

05Jun 25

IREDA Sets Floor Price at ₹173.83 Per Share for ₹5,000 Crore QIP

Indian Renewable Energy Development Agency (IREDA) has announced a Qualified Institutional Placement (QIP) of shares with a floor price of ₹173.83 per share. The state-owned company aims to raise up to ₹5,000 crore through this placement. The QIP will not dilute more than 7% of the government's equity in IREDA. A discount of up to 5% may be offered to investors. This capital-raising initiative is expected to strengthen IREDA's capital base and potentially enhance its lending capacity for renewable energy projects.

02Jun 25

IREDA's $1 Billion Worth Shares Unlock as Lock-in Period Ends

Indian Renewable Energy Development Agency's (IREDA) six-month lock-in period for shareholders ends on June 2, releasing 53.8 crore shares (20% of outstanding equity) for potential trading. The unlocked shares are valued at over $1 billion based on recent closing price. IREDA reported strong financial performance with 28% AUM growth, 57% increase in Net Interest Income, and 49% profit growth year-over-year in the recent quarter.

15May 25

IREDA Files Insolvency Petition Against Gensol Engineering Over Rs 510 Crore Default

Indian Renewable Energy Development Agency (IREDA) has filed for insolvency against Gensol Engineering Limited due to an alleged loan default of Rs 510.00 crore. Gensol's promoters are accused of document falsification and fund diversion. SEBI has barred Gensol's directors from key positions and ordered a forensic audit. This case highlights financial challenges in the renewable energy sector and the need for stricter oversight.

01May 25

IREDA Extends Pradip Kumar Das's Tenure as CMD Beyond May 2025

Indian Renewable Energy Development Agency (IREDA) has announced the extension of Pradip Kumar Das's tenure as Chairman and Managing Director beyond his initial five-year term, which was set to end on May 5, 2025. The Ministry of New and Renewable Energy has instructed that Das will continue in his role until further notice, as per a letter dated May 1, 2025. This decision indicates confidence in Das's leadership and suggests a desire for continuity in IREDA's strategic direction in promoting and financing renewable energy projects across India.

25Apr 25

IREDA Files Complaint Against Gensol Engineering, Initiates Internal Review

Indian Renewable Energy Development Agency (IREDA) has filed a complaint with the Economic Offences Wing against Gensol Engineering Ltd for falsified documentation. IREDA has classified Gensol's account as 'under stress' and initiated an internal review of its exposure. Gensol's promoters allegedly diluted shareholdings without lender approval, breaching contract terms. The Enforcement Directorate has arrested a key figure from Gensol and is conducting a FEMA probe. IREDA denies issuing letters referenced by credit rating agencies regarding falsified documents.

15Apr 25

IREDA Reports 49% Surge in Q4 FY2025 Profit, Shares Close 8.29% Higher

Indian Renewable Energy Development Agency (IREDA) announced a 48.70% increase in Q4 FY2025 net profit to Rs 502.00 crore, with total income rising 37.70% to Rs 1,916.00 crore. The company also reported 27% growth in loan sanctions and 20% growth in disbursements for FY25. Following the results, IREDA's stock closed 8.29% higher at Rs 166.98 on the NSE.

12Apr 25

IREDA Reports Strong Q4 Growth in Loan Sanctions and Disbursements; Q4 Results Announcement Scheduled

Indian Renewable Energy Development Agency Ltd (IREDA) announced significant growth in Q4 FY25. Loan sanctions increased by 27% to ₹47,453.00 crore, while disbursements rose by 20% to ₹30,168.00 crore year-over-year. The company will release its Q4 and FY25 financial results on April 15, 2025. IREDA has closed its trading window for designated persons from April 1 to April 17, 2025, and submitted regulatory compliance certificates for the quarter ended March 31, 2025.

07Apr 25

IREDA Sets Date for Q4 Results Amid Strong Loan Growth

Indian Renewable Energy Development Agency (IREDA) will declare its Q4 earnings on April 15, 2025. The company reported significant growth in FY 2024-25, with loans up 27% YoY to ₹47,453.00 crore, disbursements increased 20% YoY to ₹30,168.00 crore, and loan book outstanding rose 28% YoY to ₹76,250.00 crore. Despite positive growth, IREDA's stock closed 3.2% lower at ₹151.40, down 50% from its peak. The company's board meeting is scheduled for April 15 to approve financial results, with the trading window for insiders closed from April 1. The Indian government holds a 75% stake in IREDA.

01Apr 25

IREDA Reports Robust Growth in FY25: Loan Book Surges 28% YoY

Indian Renewable Energy Development Agency (IREDA) reported strong financial performance for FY25. Loan book outstanding grew 28% YoY to ₹76,250 crore. Loan sanctions increased 27% to ₹47,453 crore, while disbursements rose 20% to ₹30,168 crore. IREDA also secured JPY 26 billion in External Commercial Borrowing from SBI Tokyo, including a JPY 10 billion green shoe option.

01Apr 25

IREDA Secures ¥26 Billion External Commercial Borrowing from SBI Tokyo Branch

Indian Renewable Energy Development Agency (IREDA) has signed an agreement for external commercial borrowing of ¥26 billion with an additional green shoe option of ¥10 billion from State Bank of India's Tokyo branch. This financial move comes amid IREDA's strong business performance, with significant growth in loan sanctions (27%), disbursements (20%), and outstanding loan book (28%) for the year ended March 31, 2025, as per provisional data.

31Mar 25

IREDA Reports Robust Growth: Loan Book Surges 28% to ₹76,250 Crore in FY2025

Indian Renewable Energy Development Agency Ltd (IREDA) announced impressive growth for FY2025. Loan book outstanding increased by 28% to ₹76,250.00 crore. Loans sanctioned grew by 27% to ₹47,453.00 crore, while loan disbursements rose by 20% to ₹30,168.00 crore. IREDA also raised ¥26 billion through ECB and approved a ₹30,800.00 crore borrowing plan for FY2026.

28Mar 25

IREDA Secures ¥26 Billion External Commercial Borrowing from SBI Tokyo

Indian Renewable Energy Development Agency Limited (IREDA) has obtained a 5-year unsecured External Commercial Borrowing (ECB) facility of ¥26 billion (approx. ₹1,638.00 crore) from SBI Tokyo Branch. The facility includes a ¥10 billion green shoe option and offers a bullet payment at maturity. With an expected landed cost below 7.00% after hedging, this financing is more economical than similar domestic loans. The move aims to diversify IREDA's funding sources and enhance its lending capacity for renewable energy projects in India.

26Mar 25

IREDA Approves Massive Borrowing Program and Raises ₹910 Crore Through Bonds

Indian Renewable Energy Development Agency (IREDA) has approved a ₹30,800 crore borrowing program for FY 2025-26, encompassing various financial instruments. Additionally, IREDA successfully raised ₹910.37 crore through 10-year Subordinated Tier-II Bonds with a 7.74% coupon rate. These moves aim to enhance IREDA's lending capabilities, capital structure, and support for India's renewable energy sector.

25Mar 25

IREDA Raises ₹9.10 Billion Through Bonds, Approves ₹30,800 Crore Borrowing Programme for FY 2025-26

Indian Renewable Energy Development Agency (IREDA) has successfully raised ₹9.10 billion through private placement of Tier-II bonds. Additionally, the company's Board of Directors has approved a substantial borrowing programme of up to ₹30,800 crore for the fiscal year 2025-26. This programme includes various financial instruments such as taxable bonds, green bonds, term loans, and international credit lines. The decision was made during a board meeting on March 25, 2025, signaling IREDA's commitment to supporting renewable energy initiatives in India.

25Mar 25

IREDA to Consider FY 2025-26 Borrowing Plan Amid Recent Programme Enhancement

IREDA's board will meet on March 25, 2025, to consider the borrowing plan for FY 2025-26. This follows a recent ₹5,000 crore increase in the current fiscal year's borrowing programme, totaling ₹29,200 crore. The company's stock surged nearly 10% in response to these developments, reflecting positive investor sentiment.

18Mar 25

IREDA Boosts Borrowing Capacity by ₹5,000 Crore for FY 2024-25

Indian Renewable Energy Development Agency (IREDA) has approved an increase in its borrowing program for fiscal year 2024-25. The borrowing limit has been raised by ₹5,000 crore, from ₹24,200 crore to ₹29,200 crore. This expansion will be facilitated through various financial instruments including bonds, term loans, and external commercial borrowings. The decision was made during a board meeting on March 17, 2025, and promptly communicated to stock exchanges.

17Mar 25

IREDA Approves 50 Billion Rupee Increase in Borrowing Limit for FY 2024-25

Indian Renewable Energy Development Agency (IREDA) has approved an increase in its borrowing programme by 50 billion rupees, raising the total limit to 292 billion rupees for the fiscal year 2024-25. This enhancement is expected to significantly expand IREDA's lending capacity for renewable energy projects in India. The company recently reported strong financial performance with a 27% increase in net profit and 35.6% growth in revenue year-on-year.

12Mar 25

Ireda Board to Consider Enhanced Borrowing Plan for FY 2024-25

Indian Renewable Energy Development Agency Limited (Ireda) announced a board meeting on March 17, 2025, to discuss enhancing its borrowing plan for fiscal year 2024-25. This move could potentially increase Ireda's capacity to fund more renewable energy projects in India, reflecting anticipated growth in the sector. The announcement complies with SEBI regulations, ensuring transparency for stakeholders.

11Mar 25

IREDA to Consider Enhanced Borrowing Plan for FY 2024-25 in Upcoming Board Meeting

Indian Renewable Energy Development Agency (IREDA) has scheduled a board meeting on March 17, 2025, to consider a proposal for enhancing its borrowing plan for the fiscal year 2024-25. The meeting, announced through a regulatory filing on March 11, 2025, could potentially increase IREDA's funding capabilities for renewable energy projects. This move may signal expanded operational capacity and strategic growth in India's renewable energy sector.

10Mar 25

IREDA's Nepal Hydro Project Investment Hits Roadblock as RBI Denies Approval

The Reserve Bank of India (RBI) has denied Indian Renewable Energy Development Agency's (IREDA) request to invest ₹174.22 crore for a 5% stake in Nepal's 900 MW Upper Karnali Hydro Electric Power Project. This decision comes despite prior approval from the Department of Investment and Public Asset Management (DIPAM). IREDA plans to appeal the RBI's decision, as the investment was seen as a significant step in the company's international expansion. The rejection may impact IREDA's capital allocation strategies and cross-border renewable energy initiatives.

08Mar 25

IREDA's Upper Karnali Hydro Project Investment Hits RBI Roadblock

IREDA's plan to invest in Nepal's 900 MW Upper Karnali Hydro Electric Power Project has been rejected by the Reserve Bank of India (RBI). The company, which had received in-principle board approval for a 10% equity investment worth approximately Rs 290 crore, plans to resubmit its request to the RBI. This decision temporarily halts IREDA's expansion into cross-border renewable energy projects, but the company remains committed to pursuing the investment.

28Feb 25

IREDA Shares Tumble Over 7% on F&O Segment Debut

Indian Renewable Energy Development Agency Ltd (IREDA) experienced a significant drop in its share price as it debuted in the Futures & Options (F&O) segment. The stock initially fell over 7% before closing 6.04% lower at ₹156.45. The F&O inclusion is expected to increase liquidity and provide new trading strategies for investors, but also introduces potential for increased volatility. IREDA's entry into F&O was part of a broader expansion, with four other stocks also beginning F&O trading.

25Feb 25

IREDA Shareholders Greenlight ₹5,000 Crore QIP, Approve Navratna Status Amendments

Indian Renewable Energy Development Agency Ltd. (IREDA) received overwhelming shareholder approval for two major proposals at its 22nd Extraordinary General Meeting. Shareholders approved raising up to ₹5,000 crore through a Qualified Institutions Placement (QIP) of equity shares. They also greenlit amendments to the company's Articles of Association following IREDA's grant of Navratna status, which provides greater operational and financial autonomy. The amendments include deletion of clauses requiring presidential approval for certain expenditures and investments, and addition of new powers for the Board of Directors. Both resolutions passed with over 99% votes in favor.

24Feb 25

IREDA Shareholders Greenlight ₹5,000 Crore QIP, Approve Navratna Status Amendments

Indian Renewable Energy Development Agency Ltd. (IREDA) shareholders approved two major resolutions in an Extraordinary General Meeting. They authorized a ₹5,000 crore Qualified Institutions Placement (QIP) of equity shares and amendments to the Articles of Association following IREDA's Navratna status grant. The amendments include enhanced Board powers and removal of certain presidential approval requirements. Both resolutions received over 99% votes in favor, indicating strong shareholder support for IREDA's growth initiatives in the renewable energy sector.

21Feb 25

IREDA Stock Soars 10% in 5 Days; Announces Bond Issue and F&O Introduction

Indian Renewable Energy Development Agency Ltd. (IREDA) stock gained nearly 10% in the past five trading sessions, now trading at Rs 183.7. The company announced plans to issue 11-year bonds to raise up to Rs 1,500 crore on February 24. NSE will introduce F&O contracts on IREDA shares from February 28. IREDA's subsidiary received registration to operate in GIFT City, Gujarat, expanding its operational footprint.

19Feb 25

IREDA's Subsidiary Secures IFSCA Registration, Expanding into International Finance

Indian Renewable Energy Development Agency's (IREDA) wholly-owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, has received the Certificate of Registration from the International Financial Services Centres Authority (IFSCA). The subsidiary will operate from GIFT City, Gujarat, allowing IREDA to expand its renewable energy financing capabilities globally. This development follows a provisional registration granted on September 4, 2024, with the final certificate received on February 18, 2025. The move is expected to enhance IREDA's international presence, diversify its portfolio, and provide new avenues for raising and deploying capital in the global renewable energy sector.

18Feb 25

IREDA's Subsidiary Secures IFSCA Registration as Finance Company, Boosting Green Energy Financing

IREDA Global Green Energy Finance IFSC Limited, a wholly-owned subsidiary of Indian Renewable Energy Development Agency Ltd (IREDA), has received the Certificate of Registration from the International Financial Services Centres Authority (IFSCA) on February 18, 2025. This registration allows the subsidiary to operate as a finance company at GIFT City, Gujarat, marking a transition from its earlier provisional registration granted on September 10, 2024. The move is expected to enhance IREDA's capabilities in renewable energy financing, potentially expanding its international operations and access to new funding sources for green energy projects.