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IREDA secures ‘Navratna status’
Apr-29-2024

Indian Renewable Energy Development Agency (IREDA) has secured ‘Navratna status’ from Department of Public Enterprises (DPE). Navratna status is accorded to PSUs who are authorised to take up investments of up to Rs 1,000 crore without Central nod. They have the room to invest up to 30% of their net worth within a year as long they adhere to the Rs 1,000 crore threshold.

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’. 

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