Overview

• IREDA plans to raise Rs 2,500–3,000 crore through a second Qualified Institutional Placement by diluting up to 3.76% of government equity
• Sixty percent of its Rs 700 crore exposure to Gensol Engineering has been provisioned with no further provisioning expected in coming quarters
• Insolvency petitions filed at the NCLT Ahmedabad bench and DRT aim to recover over Rs 500 crore in defaulted Gensol loans
• IREDA’s loan book grew 26% year-on-year to Rs 79,941 crore in Q1 FY26, reflecting strong demand for renewables financing
• Section 54EC classification of IREDA bonds secured on July 9 offers long-term capital gains tax relief to help cut the company’s borrowing costs