The Indian Renewable Energy Development Agency (IREDA) will soon float an initial public offering (IPO) and green bonds to mobilize capital for lending. These will be issued in both, the international and national markets.

IREDA is a debt-listed company but according to IREDA’s Chairman and Managing Director (CMD), Shri Pradip Kumar Das, IREDA is all set to get the equity listed. In order to get large institutional investors such as debt funds, pension funds, insurance funds and ESF funds an alternate investment fund (AIF) will be set up.

Mr Das shared the details that IREDA had completed the financial year 2020-21 with the second highest loan disbursements of ₹88.27 billion since inception during the annual general meeting. It had also earned the highest ever profit before tax of ₹5.69 billion with an increase of 136.20% over ₹2.41 billion ($32.5 million) in the previous year.

A decrease of net 22% was seen at end of FY 2020-21, lowering of non-performing assets (NPA) from 7.18% to 5.61%.


The asset evaluation consists of valuation of land and buildings, plants, machinery, capital work in progress, inventory and other assets under the finance of IREDA. These tenders are open only for valuer entities, companies/partnership firms, limited liability partnerships, or individuals registered with the Insolvency and Bankruptcy Board of India (IBBI).

Similarly, in May 2021 IREDA invited bids to set up a 10GW of high-efficiency solar module manufacturing capacities. The tender received a rock strong response of 5.68 times more than expected.

Reference: Mercom India