The Indian Renewable Energy Development Agency (IREDA) has successfully raised ₹910.37 crore by issuing 10-year Tier-II bonds at an interest rate of 7.74%. This fundraising move will help the company strengthen its financial position and support its borrowing plans.
The money raised will boost IREDA’s Tier-II capital, increasing its overall net worth and improving its capital-to-risk-weighted assets ratio (CRAR). This will enhance the company’s ability to provide financial support for renewable energy projects, helping India transition to cleaner energy sources.
Pradip Kumar Das, Chairman and Managing Director of IREDA, said, “The successful fundraising shows the trust investors have in IREDA’s financial strength and long-term vision. With this, we can further accelerate green energy financing and contribute to India’s goal of achieving 500 GW of non-fossil fuel energy capacity by 2030.
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IREDA is a government-owned company under the Ministry of New and Renewable Energy (MNRE). It was established in 1987 as a financial institution to promote and support renewable energy projects in India. As of December 2024, the Indian government held a 75% stake in IREDA.
In the third quarter of the financial year 2025 (Q3 FY25), IREDA’s standalone net profit increased by 27% to ₹425 crore, while its revenue from operations grew by 36% to ₹1,698 crore compared to Q3 FY24.
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Despite the positive financial growth, IREDA’s stock price dropped by 0.47% to ₹169.05 on the Bombay Stock Exchange (BSE).
