Mumbai, March 26 -- With this fund raise, the government-owned entity aims to tap liquidity in the current financial market and support the borrowing plan of the company.
The funds raised will enhance IREDA's Tier-II capital, increasing its net-worth and capital to risk-weighted assets ratio (CRAR), thereby strengthening the company's ability to support country's clean energy transition through financing.
Pradip Kumar Das, chairman and managing director, IREDA, said: "The successful raising of Tier-II capital reflects investors' strong confidence in IREDA's financial strength and strategic vision.
This will further empower us to accelerate green energy financing, aligning with the Government of India's target to achieve 500 GW of non-f...
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