Indian Renewable Energy Development Agency Limited (IREDA) has issued its perpetual bonds, raising Rs 12.47 billion at an annual coupon rate of 8.40 per cent. This initiative is aimed at strengthening the company’s tier-I capital and improving its overall financial structure. By leveraging current favourable market conditions, IREDA seeks to expand its capacity to finance renewable energy projects and support the country’s transition to cleaner energy sources.
Additionally, IREDA has received a tax refund of Rs 244.8 million from the Income Tax Department on March 19, 2025. This refund pertains to partial relief granted by the Commissioner of Income Tax (Appeals) for the assessment rear 2011-12, related to specific disallowances. Furthermore, a refund of approximately Rs 1.95 billion is still under process for similar relief granted for the assessment years 2010-11, 2012-13, 2013-14, and 2015-16 to 2018-19, which is yet to be received.
In January 2025, IREDA approved a plan to raise up to Rs 50 billion through qualified institutions placement to support growing green energy financing needs.
