The Indian Renewable Energy Development Agency Limited (IREDA) announced on 11 September 2025 that it successfully raised ₹453 crore through its second issuance of perpetual bonds.
The issue, carrying a coupon rate of 7.70% per annum, was aimed at strengthening the company’s capital base to expand renewable energy financing across the country.
The perpetual bond issue saw an impressive response from investors, with bids amounting to ₹1,343 crore against the base size of ₹100 crore and a green shoe option of ₹400 crore. This oversubscription by 2.69 times reflects strong confidence in IREDA’s financial stability and its role in driving India’s renewable energy transition.
The structure of these perpetual bonds ensures that they serve as long-term, stable capital, ranking senior only to share capital while offering equity-like features.
As per the exchange filing, IREDA’s Chairman and Managing Director, Shri Pradip Kumar Das, said: “These bonds will strengthen our Tier-I Capital and help scale up renewable energy financing, accelerating India’s transition to a greener and more sustainable future. I sincerely thank all the investors for their overwhelming response and continued trust in IREDA, which motivates us to deliver even greater value to the renewable energy ecosystem and the nation.”
IREDA, a Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy, plays a pivotal role in financing renewable energy and energy efficiency projects.
With decades of experience, the organisation has contributed significantly to India’s green financing ecosystem, supporting solar, wind, hydro, biomass, and emerging clean energy technologies. Its proactive approach has made it one of the key players in enabling India’s journey towards achieving ambitious renewable energy targets.
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As of September 12, 2025, at 10:04 AM, IREDA share price is trading at ₹147.71per share, reflecting a gain of 0.74% from the previous closing price. Over the past month, the stock has gained by 2.88%.
By successfully completing its second perpetual bond issuance, IREDA has not only fortified its Tier-I capital but also reaffirmed its leadership in mobilising funds for green projects. The overwhelming investor trust underscores the company’s crucial role in India’s sustainable growth agenda and its continued commitment to accelerate the clean energy transition.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 12, 2025, 2:53 PM IST
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