IREDA Raises Rs 20 Billion via QIP to Boost Clean Energy

12 Jun 2025 CW Team

Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised Rs 20.06 billion through a Qualified Institutions Placement (QIP), issuing 121.5 million equity shares at Rs 165.14 each, inclusive of a Rs 155.14 premium over the Rs 10 face value.

The issue price reflected a 5 per cent discount to the floor price of Rs 173.83 per share. Launched on 5 June 2025 and closed on 10 June, the QIP drew strong interest from a wide range of qualified institutional buyers (QIBs), both domestic and international, including insurance firms, scheduled banks, and foreign portfolio investors. The IREDA Board approved the share allotment to eligible QIBs on 11 June.

The QIP was oversubscribed with bids worth Rs 20.06 billion against a base issue size of Rs 15 billion, achieving a subscription ratio of 1.34 times. This capital infusion is expected to reinforce IREDA's Tier-I capital and overall Capital Adequacy Ratio (CAR), enhancing its capacity to support India’s rapidly growing renewable energy sector.

IREDA’s Chairman and Managing Director, Shri Pradip Kumar Das, stated that the QIP's success shortly after the agency’s IPO in November 2023 reflected investor confidence and support from the Ministry of New & Renewable Energy. He emphasised that the funds will enable IREDA to scale its financing capabilities and accelerate India’s shift to sustainable energy.

He also thanked Union Minister Shri Pralhad Joshi, Minister of State Shri Shripad Naik, MNRE Secretary Shri Santosh Kumar Sarangi, DIPAM, and IREDA’s Board for their support and guidance. IREDA extended gratitude to all institutional investors, reaffirming its commitment to leading India’s clean energy financing initiatives.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..