Indian Renewable Energy Development Agency’s (IREDA) board of directors has approved the enhancement of Borrowing programme for FY 2024-25 by Rs 5,000 crore through Taxable Bonds/ Sub-ordinated Tier-II Bonds/Perpetual Debt Instruments (PDI) /Term loan from Banks and FI’s /Lines of credit from international agencies (multilateral and bilateral agencies) /External Commercial Borrowings (ECB)/Short term loans & WCDL from Bank.
The borrowing limit for FY 2024-25 has been increased from Rs 24,200 crore to Rs 29,200 crore.
IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: ‘Energy For Ever’.
