The perpetual bonds were issued at an annual coupon rate of 8.40 per cent.
The joint venture agreement lays out a comprehensive framework for the project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer model, with a 25-year project term from the commercial operation date.
Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned over Rs 3,000 crore for green energy projects across Odisha, covering solar, hydro, ethanol and renewable energy manufacturing sectors, IREDA chairman and managing director Pradip Kumar Das said on Monday.
The Department of Administrative Reforms and Public Grievances launched special campaign 4.0 for institutionalizing Swachhata and minimizing pendency in government offices from October 2-31.
“I am happy over IREDA's excellent second-quarter results,” stated Union Minister for New and Renewable Energy and Food, Public Distribution, Joshi.
This has led to a significant growth of 26.71% in the loan book, which now stands at Rs 59,650 crores.
Reacting to the development, the IREDA stock fell 3.2% to quote Rs 125.2 apiece on the NSE in the early morning trade.
The agreement was signed at IREDA's registered office, which paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects.
Company’s revenue from Operations stands at Rs 1,253.20 crores as against Rs 868.98 crores, up by 44.21% for this quarter.
The MoU aims at setting the stage for collaborative efforts in co-lending and loan syndication for a diverse spectrum of Renewable Energy projects across the nation.
