The Indian Renewable Energy Development Agency (IREDA) has raised Rs 4.53 billion through its second issue of perpetual bonds at a rate of 7.70 per cent per annum. The issue received bids worth Rs 13.43 billion against the base size of Rs 1 billion and a green shoe option of Rs 4 billion. This resulted in an oversubscription by 2.69 times. The funds will support the financing of IREDA’s renewable energy projects across India. Earlier in June 2025, IREDA raised Rs 20.06 billion through a qualified institutions placement by issuing 121.5 million equity shares to strengthen green financing capacity.