TAG: "Indian Renewable Energy Development Agency"

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India Requires INR 285-345 Lakh Cr Investment by 2047 to Achieve Energy Independence: IREDA CMD

India will need an investment of INR 285-345 lakh crore by 2047 to achieve energy independence, said IREDA CMD Pradip Kumar Das at the CEA’s Brainstorming Conclave, highlighting vast opportunities in renewable energy financing.

Indian Renewable Energy Development Agency | October 15, 2024 | By Mrinmoy Dey |  555

IREDA Signs MoU with SJVN and GMR for 900 MW Hydropower Project in Nepal

Indian Renewable Energy Development Agency has signed a MoU with SJVN Ltd., GMR Energy Ltd., and their associated companies for the development and implementation of the 900 MW Upper Karnali Hydro-electric Project in Nepal.

Indian Renewable Energy Development Agency | September 10, 2024 | By EI News Network |  444

IREDA Secures International Credit Rating from S&P

S&P Global has assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings to IREDA, with ‘Stable’ outlook.

Indian Renewable Energy Development Agency | August 30, 2024 | By EI News Network |  503

IREDA and BHEL Discuss Joint Efforts to Accelerate India's RE Sector Growth

The two major Central Public Sector Enterprises deliberated strategies to support the Government of India’s renewable energy goals by focusing on accelerating project execution and offering strong financing solutions.

Indian Renewable Energy Development Agency | August 28, 2024 | By News Bureau |  747

IREDA Presents Action Taken Report During Its 17th Stakeholders’ Meet

A detailed presentation highlighting IREDA's financial performance as of June 2024, along with recent business initiatives and key milestones achieved in the renewable energy sector were discussed during the virtual meeting.

Indian Renewable Energy Development Agency | August 26, 2024 | By News Bureau |  514

IREDA to Invest INR 290 Crore in Nepal's 900 MW Upper Karnali Hydro-Electric Power Project

This move by IREDA, in collaboration with SJVN Limited, aims to support the setting up of the 900 MW Upper Karnali Hydro-Electric Power Project in Nepal.

Indian Renewable Energy Development Agency | July 18, 2024 | By Abha Rustagi |  1275

IREDA Q1 Results Show 32 percent Revenue Growth and 30 percent Increase in Net Profit

This milestone also marks IREDA as the first Central Public Sector Enterprise (CPSE) to promptly declare results and achieve the fastest publication of Audited Results in the Banking and NBFC space.

Indian Renewable Energy Development Agency | July 15, 2024 | By News Bureau |  776

IREDA Q1: Loan Sanctions Skyrocket by 383 Percent, Loan Book Reaches INR 63,150 Crore

During the first quarter of FY 2024-25, IREDA sanctioned loans amounting to INR 9,136 crore, reflecting a growth of 382.62 percent compared to INR 1,893 crore in the corresponding quarter of the previous fiscal year.

Indian Renewable Energy Development Agency | July 01, 2024 | By Abha Rustagi |  695

IREDA Supports India’s RE Sector with Innovative Financing and Advisory Solutions

CMD Das showcased IREDA's role in supporting Renewable Energy growth in India, backed by industry expertise and a focus on corporate governance.

Indian Renewable Energy Development Agency | July 01, 2024 | By Abha Rustagi |  847

IREDA Conducts its 37th AGM through Video Conferencing at its Corporate Office in New Delhi

IREDA's loan book has grown at a compound annual growth rate (CAGR) of 33% in the last three years, with PAT increasing at a CAGR of around 41 percent. The company's net worth stood at INR 8,559 crore in FY24, boasting a robust Capital to Risk-weighted Assets Ratio (CRAR) of 20.11 percent.

Indian Renewable Energy Development Agency | June 27, 2024 | By News Bureau |  673

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