IREDA Raises ₹2,005 Cr via QIP to Power India’s Green Future
Oversubscribed funding round strengthens capital base and investor confidence in India’s renewable energy financing powerhouse.
Strong Investor Trust in Clean Energy Financing
The Indian Renewable Energy Development Agency Ltd. (IREDA) has once again demonstrated its critical role in driving India’s energy transition by successfully raising ₹2,005.90 crore through a Qualified Institutions Placement (QIP).
Launched on June 5, 2025, and closed by June 10, the offering attracted overwhelming investor interest, with the issue being oversubscribed 1.34 times against a base issue size of ₹1,500 crore.
Equity shares were issued at ₹165.14 per share, which includes a premium of ₹155.14. Though priced at a 5% discount to the floor price, the final subscription reflects strong institutional trust.
Who Invested in the QIP?
A diverse mix of domestic and global institutional investors—including insurance firms, scheduled commercial banks, and foreign portfolio investors (FPIs)—participated in the QIP.
This signals continued confidence in India’s green finance roadmap and in IREDA’s governance and performance, especially following its successful IPO in November 2023.
Strengthening Capital to Fuel Renewable Projects
The capital infusion will enhance IREDA’s Tier-I capital and improve its Capital Adequacy Ratio (CAR).
This boost will significantly expand IREDA’s capacity to fund large-scale renewable energy projects, such as:
Solar and wind energy parks
Biomass and small hydro projects
Emerging sectors like green hydrogen and energy storage
Leadership Speaks: A Testament of Trust
Shri Pradip Kumar Das, CMD, IREDA, highlighted the importance of the fundraise:
“This successful QIP—just months after our IPO—reaffirms the trust of the investor community and our parent Ministry. The capital will enable us to scale our financing efforts and help fast-track India’s clean energy goals.”
He also thanked Union Minister Shri Pralhad Joshi, MoS Shri Shripad Naik, Secretary MNRE Shri Santosh Kumar Sarangi, DIPAM, and the IREDA Board for their continued guidance.
IREDA’s Track Record: A Reliable Pillar of Clean Energy
With a legacy of over three decades in renewable energy financing, IREDA plays a pivotal role in:
Project financing
Loan syndication
Risk mitigation
Technical consultancy for clean energy ventures
This new capital will deepen IREDA’s impact, enabling smoother flow of funds to both established and emerging green technologies.
A Green Push Backed by Market Confidence
This QIP milestone reinforces IREDA’s positioning as a trusted vehicle for clean energy financing in India. It reflects broader investor sentiment that India’s renewable energy sector is ready for large-scale capital deployment, and IREDA is the key enabler.
As India aims for 500 GW of non-fossil fuel capacity by 2030, IREDA is equipped to fuel the shift—not just with policy alignment, but now, with a stronger capital foundation.
