CMD Pradip Kumar Das elaborates on IREDA s growth strategy, leveraging Navratna status for lower borrowing costs and overseas green bond exploration to support sustainable project financing and brand building efforts.
On 22nd April, Shares of Indian Renewable Energy Development Agency Ltd (IREDA) rose by 12 percent after the company reported a strong performance in the Q4 results for the quarter ended in March 2024.
PSUs are given a status from Maharatna companies, Navratna companies, and Miniratna companies. Navratna companies can invest up to Rs 1,000 crore without prior government approval.