Indian Renewable Energy Development Agency has received approval from DIPAM vide OM dated 10 October 2024 and from the Administrative Ministry i.e. Ministry of New and Renewable Energy for setting up of wholly owned subsidiary for retail business such as PM KUSUM, rooftop solar and other B2c segments in RE and emerging RE sector including EVs, Energy storage, Green Technologies, sustainability, Energy Efficiency etc. Powered by Capital Market - Live News

Net profit of Indian Renewable Energy Development Agency rose 36.18% to Rs 387.75 crore in the quarter ended September 2024 as against Rs 284.73 crore during the previous quarter ended September 2023. Sales rose 39.13% to Rs 1620.02 crore in the quarter ended September 2024 as against Rs 1164.36 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1620.021164.36 39 OPM %92.51101.33 - PBDT469.34387.03 21 PBT459.91379.90 21 NP387.75284.73 36 Powered by Capital Market - Live News

Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 10 October 2024.Powered by Capital Market - Live News

Indian Renewable Energy Development Agency has achieved a significant milestone by securing its international credit rating today. The International Credit Rating Agency, S&P Global Ratings assigned `BBB-` long-term and `A-3` short-term issuer credit ratings to IREDA, with Outlook `Stable`. Powered by Capital Market - Live News

The Board of Directors of Indian Renewable Energy Development Agency (IREDA) in its meeting held today i.e., Thursday, 29 August 2024 has considered and accorded In-principle approval for raising of funds by way of equity capital for an amount aggregating upto Rs 4500 crore in one or more tranches through Further Public Offer (FPO) / Qualified Institutional Placement (QIP) / Right Issue / Preferential Issue or any other permitted mode or a combination thereof in such manner and on such terms and conditions as may be deemed appropriate, in accordance with the provisions of the applicable Acts/Regulations/Guidelines and subject to the approval from the Govt of India and other statutory/regulatory approvals .Powered by Capital Market - Live News