Indian Renewable Energy Development Agency Ltd. (IREDA) was established in 1987 and is headquartered in New Delhi, India. The agency's primary purpose is to promote and finance renewable energy projects across the country, supporting India's transition to a greener economy. IREDA provides financial assistance, project development, and advisory services, focusing on sustainable energy solutions that contribute to environmental conservation and energy security.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
IREDA commenced its bond issuance program in 2016, aiming to raise funds for renewable energy projects. Notably, in 2020, IREDA issued bonds worth ?1,000 crore to finance solar power initiatives, reflecting its commitment to support the renewable sector. The current yield on IREDA bonds is competitive within the industry, attracting retail investors interested in sustainable investment opportunities, with a distinct feature being the tax benefits for certain bondholders.