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January 27,2025

IREDA Plans ₹5,000 Crore QIP for Renewable Energy Growth

The Indian Renewable Energy Development Agency Ltd. (IREDA) plans to raise ₹5,000 crore through a Qualified Institutions Placement (QIP) of equity shares. This decision aims to strengthen IREDA’s financial capacity to support India’s Renewable Energy Growth. The funds will be used to enhance clean energy projects, reinforcing India’s transition to Sustainable Energy.

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