IREDA approves borrowing program of Rs 24,200 cr for FY25
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.
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.
Read Also : T. Rabi Sankar re appointed as Deputy Governor of RBIFurther, 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.
Read Also : Yes Bank Announces Financial Results for the Q4FY24News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station