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Indian Renewable Energy Development Agency Limited - Taxfree
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Indian Renewable Energy Development Agency Limited - Taxfree
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Returns (YTM)

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N/A

Min. investment

Min. Investment

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N/A

Remaining Tenure

Remaining Tenure

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2Y 1M 28Days

Payment term

Payment Terms

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Yearly

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Highlights

Credit Rating

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ICRA AAA/STABLE

Credit Rating

Seniority

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SENIOR

Seniority

Security

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Secured

Security

Default History

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Zero

Default History

About Issuer

Indian Renewable Energy Development Agency Limited - Taxfree

Indian Renewable Energy Development Agency Limited (IREDA) was established in the year 1987 with a motto Energy for Ever It a Public Financial Institution registered as Non-Banking Financial Institution with RBI. IREDA is controlled and administered by the Ministry of New and Renewable Energy. IREDA supports specific schemes and projects in generating electricity and/or energy through new and renewable sources and conserving energy through energy efficiency. Praveen Kumar is leading IREDA as Chairman and Managing Director.

The loan assets of IREDA have been growing year -on -year. The annual reports of IREDA for the fiscal year 2018-2019 indicate the profit of 244.23 crores (Profit after Tax). In the same year, IRDEA was successful in raising More than 11 thousand crore capital from international investors. Domestic and international investors seek to invest with IREDA.

Total Annual Revenue

2020.48 Cr (FY 2018-19)

Year of Inception

1987

Industry

PSU Tax Free

Head Office

New Delhi

Type of Issuer

PSU

Current MD/CEO

Shri Pradip Kumar Das

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

Bond out of stock

This bond is
currently out of stock

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