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flag IREDA, India's renewable energy agency, approves Rs 5,000 crore fundraising for green projects.

flag The board of IREDA, India's renewable energy development agency, has approved raising up to Rs 5,000 crore through a qualified institutional placement (QIP) to support green energy projects. flag This is the second such fundraising effort in six months, with the previous one set at Rs 4,500 crore. flag Despite a recent decline in its stock value, IREDA reported a 27% increase in net profit and a 35.6% rise in revenue in Q3 FY25. flag The funds will help scale up clean energy initiatives in the country.

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