ALPHA TRIBE

Indian Renewable Energy Development Agency LimitedOthers, 14-07-2025: Shareholders meeting

14-07-2025 | 04:51 pm

IREDA has announced its Annual General Meeting on August 07 to approve its audited financial results for the quarter and half-year ended March 31, 2025. The company reported a significant performance increase, with its loan book growing to over `76,282 crore and profit after tax reaching `1,699 crore. Loan sanctions hit `47,453 crore and disbursements reached `30,168 crore. Key proposals include increasing the borrowing limit to `1,50,000 crore and authorizing charges on assets to secure these funds, critical for future green energy project financing. The company also attained 'Navratna' status, achieved improved credit ratings, and raised `2,005.90 crore through a QIP, strengthening its capital base.

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