The Central Board of Direct Taxes, Department of Revenue, Ministry of Finance has permitted Indian Renewable Energy Development Agency (IREDA) to issue Capital Gain Exemption Bonds.
The company shall utilise the proceeds from such bonds only for those renewable projects which can service the debt out of the project revenues without being dependent on the State Governments for the service of debts.
Indian Renewable Energy Development Agency is a Mini Ratna (Category - I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).
