Taxable
Tax Category
12 Aug, 2025
Maturity Date
(8 Mo 6 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
02 Aug, 2022
Allotment Date
NA
Put Date
02 Aug, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
7.46%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: “ENERGY FOR EVER”
The ratio in FY24 is 10.05x and it was 12.15x in FY23, indicating decreased debt level due to increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.53x and it was 1.55x in FY23, indicating issuers decrease ability to service its debt, due to increase in Interest on Borrowings and Interest on Debt Securities which led to overall increase in the finance cost in FY24.
Interest coverage ratio
Apr 15, 2024 | Indian Renewable Energy Development Agency Limited
Apr 15, 2024 | Indian Renewable Energy Development Agency Limited
Nov 28, 2024 | Indian Renewable Energy Development Agency Limited
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Quote Not Available for purchase
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.