IREDA Raises Rs 643.26 Crore From Anchor Investors Ahead Of IPO

The state-run company plans to raise Rs 2,150 crore via a fresh issue and an offer for sale.

Incorporated in 1987, Indian Renewable Energy Development Agency is a public limited government company. It is a Mini Ratna (Category – I) government enterprise and is administratively controlled by the Ministry of New and Renewable Energy.

The company operates in four key sectors: solar, wind, hydro, biomass, biofuels and cogeneration.

IREDA is a non-banking financial institution that promotes, develops and extends financial assistance for new and renewable projects. With 36 years of experience, the company provides a comprehensive range of financial products and related services, from project conceptualisation to post-commissioning for renewable energy projects and other value chain activities, such as equipment manufacturing and transmission.

Leave a Comment