Indian Renewable Energy Development Agency (IREDA) has approved a significant enhancement in its borrowing programme, raising limits for FY2025-26 to ₹358 billion and setting a fresh market borrowing plan of up to ₹400 billion for FY2026-27. The move underscores IREDA’s aggressive push to finance India’s renewable energy ambitions.
IREDA, a Navratna CPSE under the Government of India, announced the decisions following its Board meeting on March 19, 2026. The expanded borrowing framework is designed to mobilize funds through diverse instruments, both domestic and international, to support renewable energy projects and infrastructure.
Enhanced Borrowing For FY2025-26
The Board approved an increase in the borrowing plan from ₹308 billion to ₹358 billion. This includes raising funds via taxable bonds, Tier-II bonds, perpetual debt instruments, term loans, external commercial borrowings, and short-term loans.
Market Borrowing Programme For FY2026-27
IREDA has cleared a comprehensive borrowing programme of up to ₹400 billion, excluding extra budgetary resources. The plan covers green bonds, foreign currency bonds, bond ETFs, capital gains bonds, commercial papers, and syndicated loans, among other instruments.
Key Highlights
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Enhancement of FY2025-26 borrowing plan to ₹358 billion
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Approval of FY2026-27 market borrowing programme up to ₹400 billion
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Focus on green bonds, foreign currency bonds, and diversified debt instruments
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Policy modification for materiality of disclosures to stock exchanges
Sources: IREDA Board Meeting Outcome, March 19, 2026