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The Times of India
The Times of India
Business
PTI

Cabinet approves Rs 1,500 crore additional equity infusion in IREDA

Indian Renewable Energy Development Agency New Delhi

NEW DELHI: The government on Wednesday approved equity infusion of Rs 1,500 crore in the Indian Renewable Energy Development Agency (IREDA), which would raise its additional lending capacity by Rs 12,000 crore.

"The enhanced lending capacity will enable IREDA to finance addition renewable energy capacity of up 4000MW. Present loan book size of IREDA is around Rs 27,000 crore," an official told PTI.

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