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All India Institute of Medical Sciences (AIIMS) Delhi and Indian Renewable Energy Development Agency Ltd (IREDA) on Tuesday signed a memorandum of understanding (MoU) to initiate the technical assessment of the premier institute’s campus for converting it into one which is powered by solar energy. The MoU was signed by AIIMS Director Dr M Srinivas and Chairman and Managing Director (CMD) of IREDA Pradip Kumar Das here. CMD said: “We are happy to be associated with AIIMS, ali...
AIIMS Delhi inks MoU with IREDA
Ind Renewable Energy is currently trading at its upper limit of Rs. 13.47, up by 0.64 points or 4.99% from its previous closing of Rs. 12.83 on the BSE. The scrip opened at Rs. 13.47 and has touched a high and low of Rs. 13.47 and Rs. 13.05 respectively. So far 77660 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.08 on 14-Oct-2022 and a 52 week low of Rs. 8.94 on 24-Mar-2022. Last one week high and low of t...
Ind Renewable Energy touches roof on getting nod to raise funds up to Rs 15 crore
Union Minister for Power, New and Renewable Energy -- R K Singh has said that India's total installed renewable energy capacity touched 168.96 GW mark by February 2023-end. Out of the total 168.96 GW, 64.38 GW is solar power capacity, 51.79 GW hydro, 42.02 GW wind and 10.77 GW bio power. He added that another 82.62 GW of green energy capacity is under implementation and 40.89 GW of capacity is under various stages of tendering. A total of 3,16,754.86 MU of electricity has been ge...
India`s renewable energy capacity touches 168.96 GW mark by February 2023-end: R K Singh
The Union Cabinet on Friday approved listing of Indian Renewable Energy Development Agency Ltd (IREDA) on stock exchanges through an initial public offer (IPO) by part sale of government's stake in the public sector entity. The aim is to raise funds through issue of fresh equity shares by the IREDA, official sources said. Department of Investment and Public Asset Management (DIPAM) will drive the listing process, the sources added. This decision supersedes the earlier Cabinet Com...
Cabinet approves listing of IREDA through IPO route
The Reserve Bank of India (RBI) on Monday granted 'Infrastructure Finance Company (IFC)' status to Indian Renewable Energy Development Agency (IREDA). The IREDA was earlier classified as 'Investment and Credit Company (ICC)'. With the IFC status, it will be able to take higher exposure in RE financing. The IFC status will also help the company to access a wider investor base for fund mobilisation, resulting in competitive rates for fundraising. Officials said that the...
IREDA gets `Infrastructure Finance Company` status from RBI
Aiming for a collaboration on renewable energy and green hydrogen projects financing, Maria Shaw-Barragan, Global Director, European Investment Bank (EIB), met Pradip Kumar Das, Chairman and Managing Director (CMD), Indian Renewable Energy Development Agency Limited (IREDA) on Thursday. Speaking on the potential collaboration, Das said: "IREDA is committed to supporting the growth of renewable energy in India through financing, and we will be happy to be partnering with the European I...
European Investment Bank`s Global Director meets IREDA CMD
Bank of India is currently trading at Rs. 48.95, up by 0.25 points or 0.51% from its previous closing of Rs. 48.70 on the BSE. The scrip opened at Rs. 48.70 and has touched a high and low of Rs. 49.00 and Rs. 48.35 respectively. So far 26061 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.60 on 30-Aug-2021 and a 52 week low of Rs. 40.40 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 51....
Bank of India rises on signing MoU with IREDA
Key News Sugar companies likely to witness 5-7% revenue growth in FY'22: Report Sugar companies' revenue is likely to grow by 5-7 per cent in 2021-22, following firm domestic and global prices and expected growth in both sugar exports and ethanol volumes, according to a report. On the back of favourable pricing environments domestically and globally as well as increased share of ethanol in revenue mix, the revenues of a sample of sugar companies are expected to grow by 5-7 per c...
Key News - Sugar companies, Air India, Renewable energy firm, Tata Motors Ltd, Zee Entertainment Enterprises Ltd By ARETE Securities
Public sector hydropower major SJVN has got 1,000 MW grid connected solar PV power project allotted by Indian Renewable Energy Development Agency Ltd (IREDA), its Chairman and Managing Director Nand Lal Sharma said on Friday. He said the company got the project through open competitive bidding process for the capacity of 1,000 MW at the maximum tariff of Rs 2.45 per unit. The company got the full quoted capacity of 1,000 MW at a viability gap funding (VGF) support of Rs 44.72 lakh per M...
SJVN gets 1,000 MW solar power project
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