IREDA Makes History with First-Ever Perpetual Bonds Issue

Mumbai: In a landmark move, Indian Renewable Energy Development Agency Limited (IREDA) has launched its inaugural issue of Perpetual Bonds, aiming to raise ₹1,247 crores at an annual coupon rate of 8.40%. This strategic initiative strengthens IREDA’s Tier-I capital, providing a robust financial foundation to support India’s rapid expansion of green energy infrastructure.

The issuance of Perpetual Bonds is a tactical move to optimize IREDA’s capital structure, leveraging the current supportive market conditions. This development enables IREDA to scale up financing for renewable energy projects, accelerating India’s transition to a cleaner and more sustainable future.

In addition to this achievement, IREDA has received a refund of ₹24.48 crores from the Income Tax Department, with an additional ₹195 crores under process for similar relief.

Pradip Kumar Das, Chairman and Managing Director, IREDA, expressed gratitude to investors for their enthusiastic response, stating, “Strengthening our capital base through Perpetual Bonds will enable us to accelerate India’s transition to a cleaner and more sustainable future.”