IREDA has announced a board meeting to consider issuing Capital Gain Tax Exemption Bonds under Section 54EC of the Income Tax Act. These bonds will be redeemable after five years and proceeds will be used exclusively for renewable energy projects capable of servicing debt from their own revenues, without relying on state government support. This move could enhance IREDA’s funding options for sustainable projects, potentially boosting its loan book and supporting growth in the renewable energy sector.
All announcements from Indian Renewable Energy Development Agency Limited