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Home Business

IREDA Raises Rs 643.26 Crore From Anchor Investors Ahead Of IPO

by News Hot Off The Press
November 20, 2023
in Business
0
IREDA Raises Rs 643.26 Crore From Anchor Investors Ahead Of IPO
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The state-run firm plans to boost Rs 2,150 crore by way of a recent problem and a proposal on the market.

Included in 1987, Indian Renewable Power Improvement Company is a public restricted authorities firm. It’s a Mini Ratna (Class – I) authorities enterprise and is administratively managed by the Ministry of New and Renewable Power.

The corporate operates in 4 key sectors: photo voltaic, wind, hydro, biomass, biofuels and cogeneration.

IREDA is a non-banking monetary establishment that promotes, develops and extends monetary help for brand new and renewable initiatives. With 36 years of expertise, the corporate gives a complete vary of monetary merchandise and associated providers, from undertaking conceptualisation to post-commissioning for renewable power initiatives and different worth chain actions, akin to gear manufacturing and transmission.





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