IREDA Board Approves Borrowing Programme of INR 224,200 Crore for FY 2024-25

The Board of Directors of Indian Renewable Energy Development Agency (IREDA) in its meeting held on March 28, 2024, approved a borrowing programme up to INR 224,200 Crore for FY 2024-25. The borrowing includes fund raising through various debt instruments, term loans from banks and financial institutions, lines of credit from international agencies, and public & private placements of tax-free bonds. The Ministry of New & Renewable Energy (MNRE) has conveyed the appointment of Shri Bijay Kumar Mohanty as the Director (Technical) on an additional charge, effective March 5, 2024. The Board meeting was held on March 28, 2024, from 11:00 AM to 12:45 PM.