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
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
THDC-resized
THDC India Commissions Nation’s First Variable Speed Pumped Storage Unit at Tehri, Marks Historic Milestone in Renewable Energy - All Details Mentioned Here
Prakash Punj, Patna Sahib
Beautification Work Completed at Prakash Punj, Patna Sahib: A New Landmark for Sikh Heritage & Tourism
Indian Railways
Indian Railways Strengthens Ticketing System with Digital Overhaul & Anti-BOT Measures - Know More
WCL Western Coalfield
WCL Achieves Record Profit Before Tax of Rs. 4,376 Crore in FY 2024–25, All Details Inside
Bihar vegetables
Historic: Bihar Exports Vegetables to Dubai for the First Time: Minister Prem Kumar Flags Off Consignment
Indian Police Services IPS Officer
3 IPS Officers Transferred in Madhya Pradesh Police Department Reshuffle; Priyanka Shukla Made AIG, Bhopal Police HQ
ICAS Service
Ministry of Finance Notifies New Indian Civil Accounts Service Recruitment Rules, 2025 - Here is All You Need To Know
UPSC Image
UPSC Prelims Result 2025 Likely by June 14 Based on Past Trends - Here's How You Can Check Your Result!
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
Monika Singh’s Life Beyond the Bureaucracy | Video Interview 
IAS Tushar G Nikhare
Modernising Governance: A Digital Transformation in Gangtok
IMG-20250523-WA0036
Abhishek Singh's SECRET: Vipassana, Anthropology & Smart Answer Writing | Video Interview 
ADVERTISEMENT
UPSC Stories
Divyanshu Pal Nagar IFS
5 Years, 5 Mains, 4 Interviews: How Divyanshu Pal Nagar Stumbled in CSE, Triumphed in IFS - A Lesson for Every Aspirant
Divyanshu Pal Nagar’s inspiring five-year UPSC journey shows how perseverance, disciplined self-study,...
ANUBHAV SINGH UPSC IFS 2024
9 Years, 8 Attempts, 7 Failures: How Anubhav Singh Cracked UPSC IFS 2024 with AIR 3 Against All Odds | Exclusive
Anubhav Singh’s inspiring journey to UPSC IFS Rank 3 showcases relentless perseverance, strategic preparation,...
Jogender Sihag
“I Cleared UPSC, But My Grandfather isn’t Here to Hear it,” Jogender Sihag, AIR 521, UPSC CSE 2024
"Life is short; make the most of it, whether in civil service or any other field. Just have a clear vision...
Social Media
Tiger jump Sundarban
Stunning Viral Video Shows Royal Bengal Tiger Making Spectacular 30-Foot Leap Across River in Sunderbans - See It Here
Retired Indian Forest Service (IFS) officer Susanta Nanda shared the clip online, which quickly went...
shubham kumar ias marriage
IAS Topper Weds BPSC Topper: Shubham Kumar Marries IRS Officer Priyangi Mehta in Patna; Wedding Video Goes Viral
Topper Couple Alert: Shubham Kumar, Priyangi Mehta’s Wedding Grabs Spotlight in Bihar
parveen kaswan elephant
Elephant Outsmarts Electric Fence! IFS Parveen Kaswan Shares Incredible Video!
In the now-viral 51-second clip, the intelligent giant approaches a wooden pole supporting high-voltage...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
THDC-resized
THDC India Commissions Nation’s First Variable Speed Pumped Storage Unit at Tehri, Marks Historic Milestone in Renewable Energy - All Details Mentioned Here
Prakash Punj, Patna Sahib
Beautification Work Completed at Prakash Punj, Patna Sahib: A New Landmark for Sikh Heritage & Tourism
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
IAS Tushar G Nikhare
IMG-20250523-WA0036
ADVERTISEMENT
ADVERTISEMENT