Page 7 - Ireda

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