IREDA approves borrowing program of Rs 24,200 cr for FY25

by Psu Connect
Date: 29-03-24

The Board of Directors of Indian Renewable Energy Development Agency Limited (IREDA) has approved the Borrowing program up to Rs 24,200 Crore for FY 2024-25.

IREDA approves borrowing program of Rs 24,200 cr for FY25

The Borrowing includes fundraising through Taxable Bonds/Green Taxable Bonds/Sub-ordinated Tier-II Bonds/Perpetual Debt Instruments (PDI)/ Green Masala Bonds/Green Foreign currency bonds (USD/EUR/JPY)/Foreign currency bonds (USD/EUR/JPY)/Term loan from Banks and FI’s from domestic market/Lines of credit from international agencies/Public & private placement of Tax-free bonds/Capital Gains Bonds/Commercial Papers/Short term loans/CC/WCDL from Banks/Foreign Currency Non-Resident (FCNR -B) Loans from banks/External Commercial Borrowings (ECB) from the domestic and international financial market.

Further, the Ministry of New & Renewable Energy (MNRE) has conveyed the Order of Appointments Committee of the Cabinet (ACC) dated March 15, 2024, regarding the Entrustment of the additional charge of the post of Director (Technical), IREDA to Shri Bijay Kumar Mohanty, Director (Finance), IREDA for six months w.e.f. 05.03.2024, or till the appointment of a regular incumbent, or until further orders, whichever is the earliest. The same is taken on record by the Board. Earlier, the additional Charge for the post of Director (Technical) was with Shri Pradip Kumar Das, Chairman and Managing Director, IREDA till March 4, 2024.