Page 7 - Ireda

Renewable Energy Development Agency to issue tenor bonds to raise Rs 400 cr

The state-run company has invited coupon and commitment bids from bankers and investors on Friday

IREDA may raise up to Rs 15,000 crore via long-term bonds in FY23

IREDA has a well-diversified borrowing profile, with access to funds through tax-free bonds, taxable bonds, bank/financial institution (FI) loans, masala bonds and foreign currency loans

IREDA profit jumps 83% to all-time high of Rs 634 cr in FY22

State-owned Indian Renewable Energy Development Agency (IREDA) has posted a historic all-time high profit of Rs 634 crore for 2021-22. This profit was 82.88 per cent higher as compared to the previous year's. Profit Before Tax (PBT) in 2021-22 was Rs 834 crore, higher by 46.41 per cent from 2020-21, a company statement said. The IREDA board approved the financial results for 2021-22 in a meeting held on Saturday while lauding the company's outstanding performance under challenging conditions. The loan book of IREDA, an NBFC under Ministry of New & Renewable Energy grew from Rs 27,854 crore as on March 31, 2021 to Rs 33,931 crore at March-end this year, registering a growth of 21.82 per cent. The company registered highest-ever loan sanction of Rs 23,921 crore , a growth of 117.44 per cent from the previous year's. The loan disbursement of Rs 16,071 crore is the highest in the company's history and a record increase by 82 per cent from the previous year. The net-worth of the ...

Union Bank of India plans to raise Rs 1,500 crore through AT1 bond

The bank had capital adequacy ratio of 13.92 per cent with tier I of 11.75 per cent at end of December 2021

Union Cabinet approves Rs 1,500 cr infusion in IREDA, says Thakur

The government on Wednesday decided to infuse Rs 1,500 crore in the Indian Renewable Energy Development Agency Limited (IREDA), raising its lending capacity to Rs 12,000 crore

IREDA registers all-time high half-yearly profit after tax for Sept quarter

The Indian Renewable Energy Development Agency, announced audited financial results for half-year-1 and quarter-2 FY 2021-22 ending September 30, 2021

IREDA enters into pact with TANGEDCO for renewable energy projects

IREDA on Monday said it has entered into a pact with TANGEDCO for providing technical expertise in developing of renewable energy projects and raising of funds. The memorandum of understanding (MoU) was signed by IREDA Chairman and Managing Director (CMD) Pradip Kumar Das and TANGEDCO CMD Rajesh Lakhoni in the presence of Tamil Nadu Chief Minister M K Stalin. In a statement, the Indian Renewable Energy Development Agency Ltd (IREDA) said "it has signed a MoU with the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO), for providing its technical expertise in developing Renewable Energy projects and fund raising." Under the MoU, IREDA will extend its technical expertise to TANGEDCO for renewable energy project development, bid process management, and implementation support. IREDA will also assist TANGEDCO in debt raising through developing financial models, underwriting services for the proposed debt requirement, and conducting pre-market surveys and roadshows to ..

Fitch upgrades IREDA's long-term IDRs to 'BBB-'; outlook negative

The outlook is negative and the outlook on IREDA's long-term IDRs mirrors that on the 'BBB-' sovereign rating

Renewable, T&D assets dominate PFC & REC loan books as thermal loses steam

Stress in conventional power generation space and no new private investment in the sector see the two lenders gradually shift to newer areas

IREDA, Shyam Steel Industries receive Sebi's approval to launch IPO

As per the draft papers, the IREDA's IPO comprises sale of 13.9 crore shares or about 15 per cent stake of the company

Renewable firms can take discoms to NCLT: Power ministry to Andhra govt

Renewable power project developers are staring at weak cash flows from their projects in Andhra Pradesh

Ireda to sanction Rs 13,000 cr loans for renewables in FY18

The loan sanctions by Ireda have grown from Rs 826 crore in 2007-08 to Rs 7,806 crore in 2015-16

IREDA to consider raising funds via non-convertible bonds

IREDA had earlier this month said that it may raise Rs 1,500-2,000 crore through taxable bonds in the ongoing fiscal

IREDA may raise up to Rs 2,000 crore through taxabable bonds

The money raised will be utilised for financing renewable energy projects, IREDA CMD K S Popli said