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Bloomberg Quint

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Image Credit: Bloomberg Quint

IREDA Secures 26 Billion Japanese Yen Loan From SBI, Tokyo

  • IREDA has secured a 26 billion Japanese Yen loan from SBI's Tokyo Branch, including a green shoe option of 10 billion Japanese Yen.
  • This five-year unsecured facility is set to strengthen IREDA's global market presence.
  • The loan will enable IREDA to diversify its resource base and optimize costs, supporting India's renewable energy sector.
  • IREDA's financial stability and growth potential have attracted global investors.

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