IREDA inks MoUs with UBI and BoB for co-financing renewable energy projects

The state-owned Indian Renewable Energy Development Agency Ltd. (IREDA) inked Memorandums of Understanding (MoUs) with Union Bank of India (UBI) and Bank of Baroda (BoB) on Tuesday for co-financing renewable energy projects. The agreements will enable IREDA to collaborate with UBI and BoB on co-lending and loan syndication for a variety of renewable energy projects including both established and advanced RE technology.

 

"This collaboration aims to extend our reach, particularly in tier-2 & tier-3 cities and rural areas, enabling us to provide unique and innovative financial support to existing and new customers," said Pradip Kumar Das, CMD of IREDA.

 

To utilize its technological and financial skills for the growth of the renewable energy industry, IREDA has strongly encouraged collaborations with different Central and State agencies as well as financial institutions in recent years.

 

Source: Media Reports

Top stories
Company

Delta Corp Q1 PAT Declines 68% YoY to Rs 22 crore in FY25

4 mins read . 13 Jul 2024 . 09:30 AM

Company

Zydus Life Gets USFDA Nod for Heart Failure Drug

3 mins read . 13 Jul 2024 . 09:23 AM

Company

RVNL Spurts 10% on Bagging Multiple Orders Worth Rs 390 Cr

4 mins read . 13 Jul 2024 . 09:18 AM

Related Blogs
blog-logo

Share Market

blog-logo

12 mins read . 12 Jul 2024

Ritesh Agarwal: The OYO Founder’s Success Story

  • 0 people read
blog-logo

Share Market

blog-logo

15 mins read . 08 Jul 2024

Best Oil & Gas Stocks in India

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions