State-owned IREDA on Thursday posted a rise of 87 per cent in its profit after tax at Rs 200.75 crore in the December 2022 quarter, mainly on higher income. The company had clocked a PAT (profit after tax) of Rs 107.19 crore during October-December quarter of preceding 2021-22 fiscal, Indian Renewable Energy Development Agency (IREDA) […]
Government targets to launch initial public offers of IREDA, WAPCOS by the coming fiscal, confirms divestment secretary – EQ Mag
The proceeds from the stake sales would form part of the Budgeted disinvestment kitty of Rs 51,000 crore for the next fiscal. The government is targeting to launch the initial public offering (IPO) of clean energy lender IREDA and state-owned engineering consultancy firm WAPCOS in the next fiscal, DIPAM Secretary Tuhin Kanta Pandey said. The […]
Total investment by IREDA, SECI pegged 37 pc higher at Rs 37,828 cr for FY24 – EQ Mag
New Delhi : Total investment by two public sector enterprises under Ministry of New & Renewable Energy is pegged 37 per cent higher at Rs 37,828.15 crore for 2023-24. This is compared with revised estimate (RE) of Rs 27,547.47 crore total investment by the two firms — IREDA and SECI — for 2022-23. The budget […]
MNRE secretary urges IREDA to develop action plan for project financing – EQ Mag
New Delhi [India] : Bhupinder Singh Bhalla, secretary to the Ministry of New and Renewable Energy (MNRE), has urged Indian Renewable Energy Development Agency (IREDA) to develop an action plan for financing renewable energy projects. The central government aims to have 500 giga watt of non-fossil fuel capacity by 2030. The secretary this Friday reviewed […]
Indian Renewable Energy Development Agency eyes 18% rise in revenues in FY23 – EQ Mag
State-owned Indian Renewable Energy Development Agency (IREDA) is targetting an 18 per cent rise in revenue from operations to Rs 3,361 crore this fiscal. IREDA has signed a memorandum of understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the annual performance target for 2022-23, the Ministry of New and Renewable Energy […]
IREDA signs MoU with MNRE, setting annual performance target for the year 2022-23 – EQ Mag
The Government of India has set a target ₹ 3,361 crores for Revenue from Operation, up by approx. 18% from the previous year achievement Government has also set various performance-related key parameters such as Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio and Earning per share, etc. IREDA […]
Time-extension to Solar PV Power Projects under Tranche-III of CPSU Scheme Phase II (Government Producer Scheme), implemented by IREDA – EQ Mag
Time-extension to Solar PV Power Projects under Tranche-III of CPSU Scheme Phase II (Government Producer Scheme), implemented by IREDA. For more information please see below link:
IREDA signs loan agreement with KFW to finance ‘Access to Clean Energy Projects’ meant for decentralized solar applications – EQ Mag
The total sanctioned amount of the agreement is EUR 20 million (EESL) has signed loan agreements from multilateral agency – ADB and bilateral agency – KfW, for Decentralized Solar and Electric Mobility Indian Renewable Energy Development Agency Limited (IREDA) has signed a loan agreement with KFW namely, KFW VI line of credit for financing ‘Access […]
Luthra And Luthra Acted For IREDA In Refinancing Deals Aggregating upto INR 3900 Million – EQ Mag
The transaction for Hydro Power Project was led by Girish Rawat (Partner), Varun Chauhan (Managing Associate), Himanshi Bhadoria (Associate) and Abhinav Singh (Associate). Whilst, the transaction team for the Solar Power Project consisted of Girish Rawat (Partner), Ms Ashneet Chhabra (Senior Associate) and Mr. Pranav Dwivedi (Associate). Luthra and Luthra acted for IREDA in refinancing […]
IREDA Sept Qtr Profit Rises 67 Pc to Rs 184 Cr – EQ Mag Pro
The Indian Renewable Energy Development Agency (IREDA) on Saturday posted 67 per cent jump in net profit at Rs 184.30 crore for September quarter 2022-23, mainly due to higher revenues. In the year-ago period, the profit after tax was Rs 110.27 crore, according to a statement from Ministry of New & Renewable Energy. Gross income […]