Mumbai, March 28 -- The five-year unsecured loan will be repaid in a single payment at maturity and is expected to enhance IREDA's presence in global financial markets.

Commenting on the agreement, Pradip Kumar Das, chairman & managing director, IREDA, stated, "This facility enables us to diversify our resource base and optimize costs, enhancing our lending operations to support India's renewable energy sector. The transaction reflects the strong confidence of global investors in IREDA's financial stability and growth potential."

Indian Renewable Energy Development Agency (IREDA) is a 'Navratna' Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA is a public limited g...