Indian Renewable Energy Development Agency Share price

Our Company was incorporated in Delhi as “Indian Renewable Energy Development Agency Limited” a public limited company under the Companies Act 1956 pursuant to a certificate of incorporation dated March 11 1987 issued by the Registrar of Companies Delhi and Haryana. Our Company received a certificate of commencement of business dated March 21 1987 by the RoC. Our Company was notified as a public financial institution under Section 4A of the Companies Act 1956 by the Department of Company Affairs Ministry of Law Justice and Company Affairs Government of India on October 17 1995. Further the Reserve Bank of India granted a certificate of registration to our Company on January 23 2008 permitting us to commence/carry on the business of non-banking financial institution without accepting public deposits and classified as an investment and credit company which was further reclassified as an infrastructure finance company on March 13 2023.Major Events:1987Incorporated as a public limited company1995The GoI notified our Company as Public Financial Institution under section 4(A) of the Companies Act1997We signed our first loan agreement with Asian Development Bank for line of credit of US$100 million2008Reserve Bank of India granted a certificate of registration to our Company to commence/carry on the business of non-banking financial institution without accepting public deposits and classified us as an investment and credit company2010We got upgraded from ‘Schedule C’ to ‘Schedule B’ Central Public Sector Enterprise2015We were granted “Mini-Ratna” (Category-I) status by MNRE2016We set up a 50 MW Solar Project in Kerala2017We became the first Indian financial institution to raise ‘Green Masala Bonds’ listed on London Stock Exchange/Singapore Stock Exchange2019We issued our first subordinated debt (Tier-2 capital) aggregating to ?1500 million2020We signed an MOU with SJVN to provide techno-commercial Consultancy in the field of Renewable Energy2021We opened branch offices in Western India (Mumbai) and Eastern India (Bhubaneswar)2021We signed MOUs with:(1) NHPC to provide techno-commercial consultancy in the field of renewable energy.(2) Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) to provide advisory services such as market assessment; greenfield project development; bid process management and implementation support and also debt raising services.(3) North-Eastern Electric Power Corporation Limited (NEEPCO) to provide advisory services such as market assessment; greenfield project development; bid process management and implementation support and also debt raising services.(4) Brahmaputra Valley Fertilizer Corporation Limited to provide advisory services such as market assessment; greenfield project development; bid process management and implementation support and also debt raising services.(5) THDC India Limited (THDCIL) to undertake techno-financial due diligence of renewable energy and energy efficiency & conservation projects.2022We signed MOUs with;(1)Goa Shipyard Limited and Central Institute of Petrochemicals Engineering and Technology to provide techno-commercial consultancy services in the field of renewable energy;(2)Bank of India (BOI) for co-lending/consortium lending for renewable energy project2023-Reserve Bank of India granted a renewed certificate of registration to our Company to commence/ carry on the business of non-banking financial institution without accepting public deposits and classified us as an infrastructure finance company-ICRA Ratings Limited upgraded our debt instruments rating to ‘AAA’ Stable-We signed MOUs with:(1)Bank of Maharashtra (BOM) for co-lending/consortium lending for renewable energy project(2)Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to provide techno-commercial consultancy in the field of renewable energy;-India Ratings upgraded our debt instruments rating to ‘IND AAA’/Stable-DPE approved upgradation of our Company from ‘Schedule B’ to ‘Schedule A’ Central Public Sector Enterprise