Indian Renewable Energy Development Agency Limited — Others, 11-12-2024: Security Cover Certificate

Indian Renewable Energy Development Agency Limited (IREDA) has reported a security cover ratio of 2.43 times as of September 30, 2024, based on its unaudited financial results for the quarter and half-year. This reflects compliance with covenant terms associated with its listed debt securities, enhancing investor confidence in the company’s financial health and asset coverage. The certificate, issued upon management's request, is intended for compliance purposes with debenture trustees. With the solid security cover, this update may foster a positive outlook among investors, indicating IREDA's robust positioning in the renewable energy sector.