https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA Announces Mulling FPO To Meet Future Capital Requirements & Lendings

[IREDA CMD Pradip Kumar Das stated that the PSU shall soon be listed for issuing bonds eligible for exemption under Section 54EC (aka Capital Gain Bonds) of the Income Tax Act
Indian Masterminds Stories

Amidst a recent development, PSU IREDA (Indian Renewable Energy Development Agency) announced mulling their follow-on public offer (FPO) as well as perpetual debt to meet its future capital requirements and onward lending for renewables.

Mr. Pradip Kumar Das, Chairman & Managing Director of IREDA, said that the PSU has been planning an FPO as well as perpetual debt for meeting future capital requirements of the company and onward lending mainly for renewable energy projects. He further stated that the loan disbursements are expected during the current fiscal year given the government’s push for renewable energy projects in the country.

Loan disbursements by IREDA increased about 16% in 2023-24, and the company has a borrowing plan of Rs 24,200 crore for the current fiscal. 

With an increase in loan disbursements in 2024-25, the company will require more money than planned borrowing this fiscal to meet its fund requirements. CMD Das pointed out that the market is supportive and this is the right time to go to the market for raising funds via FPO.

The CMD mentioned that the PSU’s loan disbursements increased from Rs 16,071 crore in 2021-22 to Rs 21,639 crore in 2022-23 and further to Rs 25,089 crore in 2023-24. Loan disbursements by IREDA increased about 16% in 2023-24, he said, adding that the company has a borrowing plan of Rs 24,200 crore for the current fiscal.

Mr. Das stated that IREDA shall soon be listed for issuing bonds eligible for exemption under Section 54EC (aka Capital Gain Bonds) of the Income Tax Act. This will fetch them fixed-income instruments that provide capital gains tax exemption under Section 54EC to investors.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Union Minister Bhupendra yadav
No Immediate Plan to Regulate AC Temperatures: Environment Minister Bhupendra Yadav Clarifies, Says 20–28°C Cap May Be Considered Only After 2050
Punya Salila Srivastava IAS
IAS Punya Salila Srivastava Gets Additional Charge of Health Research; IRS Pankaj Bodkhe Repatriated from KVIC
education
Gujarat Achieves 100% Textbook Distribution Before Academic Year: Over 6 Crore Books Delivered
Punjab_govt_resized
Punjab: 8 IAS & 9 PCS Transferred, Amandeep Kaur-II Posted as Addl Deputy Commissioner, Amritsar
Bihar’s Makhana
Desi Makhana Goes Global: From IIT Dreams to Entrepreneurial Reality in Bihar, as Makhana from Bihar Gains International Recognition
Thermal Power
Pirpainti Power Push: Private Power Majors Show Interest in Bihar’s Largest Thermal Project at Pirpainti
IPS Smiti Chaudhary
Obituary: Haryana's Senior IPS Smiti Chaudhary Passes Away at 48 in Nashik, Leaves Behind Legacy of Integrity & Service
Indian Railways
From Isolation to Integration: New Rail Corridor Signals Hope for Naxal-Affected Bastar, Final Survey Phase of Kothagudem–Kirandul Line Underway
ADVERTISEMENT
ADVERTISEMENT
Videos
Ex IRS C Rajendiran
Ex-IRS Officer C. Rajendiran Illuminates Thirukkural’s Timeless Wisdom in Exclusive Interview
WhatsApp Image 2025-06-25 at 5.07
Why Has the DGCA Fined Air India Rs 5 Crore Since Privatisation?
Former Diplomat Ashok Sajjanhar
Iran Is Weakest Now, Needs a Face-Saver
ADVERTISEMENT
UPSC Stories
Sanish Kumar Singh
“If you want it badly enough, you’ll find a way,” Sanish Kumar Singh AIR 8, UPSC IFS 2024 
The real interview, he says, was much more humane. “The board was conversational. The chairman opened...
Raju Wagh
When the Battlefield Became a Study Room and a Dream Took Flight
Amid IED blasts and anti-Maoist operations in Bastar, CRPF Commando Raju Wagh taught village kids, studied...
WhatsApp Image 2025-06-18 at 10.31
"I Just Wanted to Breathe Again": The Man Who Fought Death and Made It to UPSC
Struck by COVID at the peak of his UPSC prep, Devanand Telgote spent months on ECMO, unsure he'd live,...
Social Media
Shailaja Chandra
“Nanis & Dadis Have a Brain”: Former IAS Officer Shailaja Chandra Weighs in on 1970s vs 2025 Life Debate - “This Generation Has It Better”
Responding to Viral Post on Middle-Class Struggles, Ex-Bureaucrat Offers Candid Reflection on Then and...
Tigress Arrowhead
The End of an Era: A Queen Falls - Ranthambore’s Iconic Tigress Arrowhead (T-84) Passes Away at 14, Hours After Daughter’s Relocation
Ranthambore mourns the loss of one of its fiercest and most beloved tigers, Arrowhead, the granddaughter...
Screenshot 2025-06-13 194001
Wild Elephant Disrupts Riverside Picnic, Sparks Debate on Human Encroachment; IFS Parveen Kumar Shares the Video - Watch Here!
Mr. Kaswan used the viral video, which has garnered over 1.5 lakh views, to highlight the risks of human...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Union Minister Bhupendra yadav
No Immediate Plan to Regulate AC Temperatures: Environment Minister Bhupendra Yadav Clarifies, Says 20–28°C Cap May Be Considered Only After 2050
Punya Salila Srivastava IAS
IAS Punya Salila Srivastava Gets Additional Charge of Health Research; IRS Pankaj Bodkhe Repatriated from KVIC
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Ex IRS C Rajendiran
WhatsApp Image 2025-06-25 at 5.07
Former Diplomat Ashok Sajjanhar
ADVERTISEMENT
ADVERTISEMENT