IDBI, BOB and SBI Capital to Supervise IREDA IPO for Renewable Energy Growth
The IPO is anticipated in FY24 and will anticipate comprising a 10% stake sale by the government and a 15% fresh equity release by the renewable energy project provider to finance its business growth.
May 22, 2023. By EI News Network
The IPO is anticipated in FY24, and will anticipate comprising a 10 percent stake sale by the government and a 15 percent fresh equity release by the renewable energy project provider to finance its business growth.
The government offered applications for engaging an advertising agency and a registrar for the IREDA IPO.
Considering the list of unlisted state-owned firms is a key concern of the Centre to disclose the value of those companies and also upgrade corporate governance.
IREDA is presently a fully owned Government of India enterprise established in 1987 and is involved in the funding of Renewable Energy (RE) and Energy Efficiency (EE) projects in India.
Currently, the firm has funded over 3,068 RE projects loan accounts with cumulative loan sanction and disbursement at the rate of INR 1.42 trillion and INR 0.9 trillion respectively and has backed RE capacity expansion of 19,502 MW in the nation.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix