Indian Renewable Energy Development Agency Limited
Government-owned Indian Renewable Energy Development Agency Limited (IREDA) is going to take a big step to further strengthen the renewable energy sector in the country. The company has informed the stock markets that an important meeting of its Board of Directors will be held on Friday, 6 February 2026. In this meeting, the proposal to raise funding up to Rs 2,994 crore by issuing equity shares will be considered.
IREDA has given this information to Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under the listing rules of SEBI. According to the company, this amount can be raised in one or more tranches through Qualified Institutions Placement (QIP). Under QIP, shares are issued to large institutional investors, which helps companies raise capital faster.
Capital base will be strong
The company believes that raising this fund will strengthen its capital base. This will make it easier for IREDA to provide financial assistance to solar, wind, green hydrogen and other renewable energy projects across the country. The role of IREDA is considered very important amid the government’s plan to increase clean energy capacity on a large scale by 2030.
Approval will be sought from shareholders
In the board meeting, it can also be decided how to get the approval of the shareholders for the proposed equity issue. For this, a proposal can be made to conduct voting through postal ballot. However, this entire process will proceed only after getting necessary approvals from the government, regulators and other statutory bodies.
Trading window closes immediately
IREDA has also clarified that under the insider trading rules of SEBI, the trading window of the company’s shares has been closed with immediate effect. This window will be opened again 48 hours after the end of the board meeting. Its purpose is to prevent any kind of unfair trading based on sensitive information. Overall, this proposal is being considered an important step towards strengthening the financial position of IREDA and giving new impetus to India’s renewable energy sector.