Indian Renewable Energy Development Agency (IREDA) is planning to raise funds through the issuance of equity shares by way of a qualified institutions placement (QIP), in one or more tranches, for an amount aggregating upto Rs 2,994 crore, subject to approval of the shareholders of the Company and any governmental/ regulatory/ statutory authorities, as may be required. The meeting of the Board of Directors of the Company is scheduled to be held on February 06, 2026, to inter-alia, consider and approve the same.
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’.
