The Indian Renewable Energy Development Agency Limited (IREDA) has launched its first-ever issue of Perpetual Bonds, raising ₹1,247 crore at an annual coupon rate of 8.40%. This move is aimed at strengthening the company’s Tier-I capital and supporting the expansion of India’s renewable energy infrastructure.
The issuance of Perpetual Bonds marks a strategic step in optimizing IREDA’s capital structure while leveraging favorable market conditions. IREDA Chairman and Managing Director Pradip Kumar Das called it a historic milestone, stating that this capital enhancement will help scale up financing for renewable energy projects and accelerate India’s transition to clean energy.
Additionally, IREDA has received a ₹24.48 crore tax refund from the Income Tax Department related to a partial relief granted by the Commissioner of Income Tax (Appeals) for Assessment Year (AY) 2011-12. The company is also awaiting a ₹195 crore refund for similar relief provided for AYs 2010-11, 2012-13, 2013-14, and 2015-16 to 2018-19.
This financial boost is expected to further strengthen IREDA’s position in financing India’s green energy sector, ensuring continued support for the country’s renewable energy transition and sustainability goals.
