IREDA Plans ₹3,000 Crore QIP to Boost Lending to ₹24,000 Crore in FY26

The Indian Renewable Energy Development Agency (IREDA), a government-owned lender, is planning to raise ₹3,000 crore through a Qualified Institutional Placement (QIP) of equity shares in FY26. This will be the second QIP after raising ₹2,005 crore in June 2025. The government will reduce its stake by 3.76% in the new round, after a 3.24% dilution in the first round.

Supporting ₹24,000 Crore Lending Plan

IREDA’s CMD, Pradip Kumar Das, said the fresh equity will help the agency lend ₹24,000 crore this year. The actual timing of the QIP will depend on market conditions.

In FY25, IREDA borrowed ₹25,000 crore and now plans to raise ₹30,000 crore in FY26. In Q1 alone, it borrowed ₹5,903 crore, which included a Japanese Yen (JPY) 26 billion external loan from SBI Tokyo.

Loan Book Sees Healthy Growth

IREDA’s loan book rose sharply to ₹79,941 crore, marking a 26% increase year-on-year.

To avoid future problems like Gensol, Das said the agency is working on tighter loan monitoring and renewals. However, he cautioned that being overly strict could block funding for other borrowers.

Read more: IREDA Bonds Get Tax-Saving Status Under Section 54EC: A Boost for Green Investments.

About IREDA 

Indian Renewable Energy Development Agency Limited (IREDA) is a public sector company in India that offers financial support and services for projects focused on renewable energy and energy efficiency or conservation.

IREDA Share Price Movement

As of July 22, 2025, Indian Renewable Energy Development Agency share price (NSE: IREDA) is trading at ₹157.10 with a market capitalisation of ₹44,200 crore. The stock has a P/E ratio of 27.08, with no dividend yield currently. It has touched a 52-week high of ₹282.90 and a low of ₹137.01.

Conclusion

IREDA is moving ahead confidently with its fundraising and lending plans for FY26. By raising ₹3,000 crore through a second QIP, the agency aims to significantly boost its lending capacity to ₹24,000 crore, supporting India’s renewable energy goals. 

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