https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA Secures Rs 1,476 Crore ECB from SBI Tokyo to Boost Renewable Energy Funding

IREDA has raised JPY 26 billion through an agreement with SBI’s Tokyo branch, securing cost-effective global funding to support India’s renewable energy expansion.
Indian Masterminds Stories

The Indian Renewable Energy Development Agency Limited (IREDA) has secured an External Commercial Borrowing (ECB) of JPY 26 billion (approximately ₹1,476 crore) through a facility agreement with the State Bank of India’s Tokyo branch. The deal, finalized on Friday, also includes a Green Shoe Option of JPY 10 billion, providing additional financial flexibility and access to global funds.

This five-year unsecured loan features a bullet repayment structure at maturity, with a post-hedging landed cost expected to remain under 7%, making it a more economical alternative to similar domestic borrowings.

IREDA Chairman & Managing Director Pradip Kumar Das emphasized that the agreement strengthens the agency’s financial foundation, diversifies its funding portfolio, and supports its renewable energy lending operations. He noted that the transaction reflects investor confidence in IREDA’s financial stability and long-term growth prospects.

Holding an international credit rating of ‘BBB-’ for the long term and ‘A-3’ for the short term with a ‘Stable’ outlook from S&P Global, IREDA maintains a strong presence in global financial markets. This initiative aligns with its strategy to broaden funding channels and play a crucial role in advancing India’s renewable energy goals.


Indian Masterminds Stories
ADVERTISEMENT
Related Stories
ADVERTISEMENT
NEWS
MTNL
MTNL Defaults on Loans Worth Rs. 8,346 Crore; Total Debt Climbs to Rs. 33,568 Crore
Gujarat-government resized
4 IAS Officers Assigned Additional Charges in Gujarat, Ajay Prakash Given Additional Charge As MD, Uttar Gujarat Vij Company Ltd
Punjab_govt_resized
3 IAS & 9 PCS Officers Transferred in Punjab, Sanyam Aggarwal Given Additional Charge As Special Secy, Health and Family Welfare
DGP OM Praksh with his wife1
Retired Karnataka DGP Om Prakash Murdered; Family Dispute or Mental Illness, What Prompted the Homicide?
LIC resized
Pradip Kusum Joseph Dungdung Takes Charge as LIC's Additional Executive Director (Engineering)
IRCTC
Rabindra Nath Mishra to Continue as Director (Finance), IRCTC - Know About Him
IAS Puja Khedkar
Supreme Court Grants Interim Protection to Former IAS Probationer Puja Khedkar, Directs Her to Appear Before Delhi Police
GAIL PSU
GAIL Blooms in Valuation After Tariff Hike
ADVERTISEMENT
Videos
Dr Lokesh M IAS
E-Rickshaw Chaos, Waterlogging, Traffic Mess — Can Noida Fix Its Daily Chaos? | Exclusive with Dr Lokesh M, IAS
IRS Padmapani Bora UPSC
IRS Padmapani Bora’s 16-Year-Long Journey in Governance
WhatsApp Image 2025-04-13 at 1.46
This Collector Finds Happiness In Squeaks Of Children With Hearing Impairment Who Start Hearing After Surgery
UPSC Stories
images (14)
Utsav Anand, the UPSC Topper Who Chose Public Service Over a Plush Career
From IIT Bombay to the 2022 IAS batch (Haryana cadre), Utsav Anand’s journey is proof that sharp minds...
pushplata-yadav-ias
How IAS Pushp Lata’s Strategy and Spirit Took Her to AIR 80
From rural Haryana to IAS, Pushp Lata Yadav’s journey reflects focused planning, adaptation, and the...
IRS Padmapani Bora UPSC
IRS Padmapani Bora’s 16-Year-Long Journey in Governance
IRS officer Padmapani Bora's 16-year career transcends typical bureaucracy. Discover his surprising journey...
Social Media
GozJlgrXYAAHoKv
Murals for Cleanliness: Thoothukudi District Launches Art-Inspired Sanitation Drive in Panchayats
Local artists add colour and messages to village walls, promoting hygiene and community pride
Himanshu Nagpal IAS
Varanasi's Beggar Rehabilitation Initiative Recognised by UIDAI, CDO Himanshu Nagpal Shares the News
Mr. Himanshu Nagpal is a 2019-batch IAS officer
IAS Vaishali Chopra
Young IAS Vaishali Chopra Takes a Stand Against Caste Bias During Field Training in Uttar Pradesh
While the issue itself may seem small, the post is resonating widely online for its honest reflection...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
MTNL
MTNL Defaults on Loans Worth Rs. 8,346 Crore; Total Debt Climbs to Rs. 33,568 Crore
Gujarat-government resized
4 IAS Officers Assigned Additional Charges in Gujarat, Ajay Prakash Given Additional Charge As MD, Uttar Gujarat Vij Company Ltd
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr Lokesh M IAS
IRS Padmapani Bora UPSC
WhatsApp Image 2025-04-13 at 1.46
ADVERTISEMENT
ADVERTISEMENT