IREDA approves ₹30,800 crore borrowing plan for FY26

The Indian Renewable Energy Development Agency (IREDA) has approved a strategic borrowing plan of ₹30,800 crore for the financial year 2025-26 (FY26), aimed at bolstering funding for renewable energy projects across India. This plan includes a diverse range of financial instruments, such as bonds and loans, and is expected to attract both domestic and international investment, reinforcing IREDA's commitment to sustainable energy initiatives. Additionally, IREDA successfully raised ₹910.37 crore through the issuance of Subordinated Tier-II Bonds, which will enhance its capital base and support its financial capacity to fund clean energy projects. The company's Chairman, Pradip Kumar Das, highlighted the importance of this capital in accelerating India's transition to a greener future. With India's goal of achieving net-zero emissions by 2070, IREDA's increased borrowing capacity is crucial for sustaining momentum in renewable energy development. The financial outlook for IREDA shares remains positive, with analysts predicting potential price increases in the near term.