Home » The Union Cabinet approved infusion of...

The Union Cabinet approved infusion of 1500 crore rupees in IREDA

The Union Cabinet approved infusion of 1500 crore rupees in Indian Renewable Energy Development Agency Limited.

Sumit Arora Published On January 20th, 2022 Leave a comment

The Union Cabinet approved infusion of 1500 crore rupees in IREDA_3.1

It will help generate 10,200 jobs a year and reduce carbon emissions equivalent to approximately 7.49 million tonnes per year. The IREDA played a big role in the field of renewable energy and its portfolio had increased from ₹8,800 crore to ₹28,000 crore in the past six years.

IREDA is a Non-Banking Financial Institution engaged in promoting, developing, and extending financial assistance for setting up projects relating to new and renewable sources of energy.

Important takeaways for all competitive exams:

IREDA Founded: 1987
IREDA Headquarters: New Delhi
IREDA Chairperson: Pradip Kumar Das
Find More Banking News Here

About the Author

Sumit Arora

Author

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.