IREDA board approves Rs 242 billion borrowing for 2024-25

Indian Renewable Energy Development Agency Limited (IREDA) has approved the borrowing programme up to Rs 242 billion for 2024-25.

The borrowing includes fund raising through taxable bonds/green taxable bonds/sub-ordinated tier-II bonds/perpetual debt instruments/ green masala bonds/green foreign currency bonds (USD/EUR/JPY)/foreign currency bonds (USD/EUR/JPY)/term loan from banks /lines of credit from international agencies/public and private placement of tax-free bonds/capital gains bonds/commercial papers/short term loans/etc.