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7.85% Indian Renewable Energy Development Agency Limited 06 MAR 2027

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ISIN:
INE202E08037
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Taxable

Tax Category

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06 Mar, 2027

Maturity Date
(2 Yr 3 Mo 26 D to mature)

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Half Yearly

Interest Payment Frequency

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No

NRI Eligibility

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06 Mar, 2017

Allotment Date

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NA

Put Date

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06 Mar, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AAA Stable
CARE
AAA Stable
ICRA
AAA Stable
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Indian Renewable Energy Development Agency Limited

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.

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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.

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Interest coverage ratio

Recent News
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IREDA Signs MoU with Bank of India to co-finance Renewable Energy projects.

Apr 15, 2024 | Indian Renewable Energy Development Agency Limited

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IREDA Celebrates Its Legacy On Public Sector Day

Apr 15, 2024 | Indian Renewable Energy Development Agency Limited

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