New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has announced the successful launch of its first-ever issue of Perpetual Bonds, raising Rs 1,247 crores at an annual coupon rate of 8.40 percent. This landmark initiative is a strategic step aimed at optimizing IREDA’s capital structure while leveraging favorable market conditions.
The issuance of Perpetual Bonds is a crucial move to bolster IREDA’s Tier-I capital, ensuring a stronger financial foundation to support the rapid expansion of India’s renewable energy sector. This capital enhancement will enable the organization to scale up financing for green energy projects, aligning with the nation’s sustainability goals.
In a parallel development, IREDA has received a refund of Rs 24.48 crores from the Income Tax Department on March 19, 2025. This refund is part of a partial relief granted by the Commissioner of Income Tax (Appeals) for Assessment Year (AY) 2011-12 concerning certain disallowances. Additionally, a further refund of approximately Rs 195 crores is under process for similar relief provided by CIT (Appeals) for AYs 2010-11, 2012-13, 2013-14, and 2015-16 to 2018-19.
Commenting on the successful bond issuance, IREDA's Chairman and Managing Director (CMD) Pradip Kumar Das said, “This is a historic milestone for IREDA. We extend our gratitude to investors for their enthusiastic response. Strengthening our capital base through Perpetual Bonds will enable us to scale up financing for renewable energy projects, accelerating India’s transition to a cleaner and more sustainable future.”
The launch of Perpetual Bonds marks a significant financial maneuver for IREDA, reinforcing its commitment to facilitating the growth of India’s green energy infrastructure while maintaining fiscal prudence and stability.
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