Business EconomyPosted at: Sep 11 2025 5:26PM


IREDA raises Rs 453 cr via perpetual bonds

New Delhi, Sep 11 (UNI) Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 453 crores at 7.70 pc per annum through its second use of Perpetual Bonds, marking a significant step in strengthening its capital base for financing green energy projects, an official statement said today.
“The issue drew strong investor interest, with total bids worth Rs 1343 crores against the base size of Rs 100 crore and a Green Shoe option of Rs 400 crore. This resulted in oversubscription by 2.69 times, reflecting growing confidence in IREDA’s role as a leading financier of India’s renewable energy sector,” an official statement said.
Commenting on fund raising, Pradip Kumar Das, Chairman and Managing Director of IREDA, said, "These bonds will strengthen our Tier-1 Capital and help scale up renewable energy financing, accelerating India’s transition to a greener and more sustainable future. I sincerely thank all the investors for their overwhelming response and continued trust in IREDA, which motivates us to deliver even greater value to the renewable energy ecosystem and the nation.”
Perpetual Bonds carry unique features, including no maturity or redemption, and are callable only at the company’s option.
IREDA, formed in 1987, is an Indian public sector enterprise that provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency/conservation.
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