IREDA Plans Fundraising of Rs 24,200 Cr Via FPO

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The Indian Renewable Energy Development Agency is planning to issue a follow-on public offerto raise equity capital and lending for renewables of nearly Rs 24,200 crore in FY25.

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“The project size in green energy is getting bigger, and we intend to support the sector’sgrowth,” IREDA chairman and MD Pradip Kumar Das said on Tuesday in a media discussion.

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“For this, we believe an FPO is the route to raise more equity capital,” Das added

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The chairman further sees loan disbursements to increase during the current fiscal year as thegovernment bets big on renewable energy projects.

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