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Image Source : Energyinfra market IREDA

IREDA Board Approves Rs 4,500 Crore Fundraising

Last Update 30 August 2024

The Indian Renewable Energy Development Agency Limited (IREDA) has received Board approval to raise to Rs 4,500 crore through various methods, including Further Public Offer (FPO) or Qualified Institutional Placement (QIP). This funding is crucial as India aims to achieve 500 GW of Renewable Energy by 2030. IREDA shares rose to Rs 254.50 post-announcement.

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