IREDA to issue US$257 million in tax-free bonds

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The bonds will have a face value of INR1,000 each. Credit: Yogendra

State-owned firm the Indian Renewable Energy Development Agency (IREDA) is to issue INR17.2 billion (US$257 million) in tax-free bonds from today for the financing of renewable energy projects in the financial year 2015/16.

The bonds will have a face value of INR1,000 each.

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The issue opens on today 8 January and closes on January 22 and there is an option for early closure.

The Asian Development Bank (ADB) recently announced it will provide IREDA with a US$200 million loan as part of IREDA's plan to add 990MW of renewable energy capacity in India.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

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