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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 Last updated on January 20th, 2022 04:03 pm 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
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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.