India, March 20 -- The Indian Renewable Energy Development Agency Limited (IREDA) has successfully launched its first-ever issuance of Perpetual Bonds, raising Rs 1,247 crore at an annual coupon rate of 8.40%. This strategic move marks a significant milestone in optimizing IREDA's capital structure and leveraging favorable market conditions.
The funds raised through the Perpetual Bonds will bolster IREDA's Tier-I capital, strengthening its financial position to support the rapid growth of India's green energy infrastructure.
In addition to the bond issuance, IREDA received a tax refund of Rs 24.48 crore on March 19, 2025, from the Income Tax Department. The refund follows partial relief granted by the Commissioner of Income Tax (Appeals) ...