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Ireda eyes 30% loan growth; to raise ₹3,000 crore in second round of QIP

The New Indian Express Kottayam

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July 22, 2025

THE country's largest renewable energy financier Ireda is bolstering its equity capital base with a second round of QIP issue worth at least ₹3,000 crore as the state-run company sees over 30% loan growth this fiscal. It will also be raising ₹30,000 crore in debt capital.

- BENN KOCHUVEEDAN @Mumbai

The Maharatna company had raised ₹2,005 crore in the first tranche of the QIP issue, through which the government had diluted 3.2% stake. The government had approved a total of 7% dilution this fiscal. "We had raised ₹2005.9 crore through the first tranche of the qualified institutional placement last month, through which the government diluted 3.2% of its stake. Since the government mandate to the board to bring it down by 7% this fiscal, we have scope for 3.8% more dilution, whi

FLERE HISTORIER FRA The New Indian Express Kottayam

The New Indian Express Kottayam

DON'T CRITICISE CITIZENS DEMANDING BETTER INFRA

HE acrimonious exchange between Karnataka’s top political and corporate leaders over Bengaluru’s failing infrastructure has only served to highlight the reality that has become the city’s identity—cratered roads, traffic bottlenecks, and garbage piles.

time to read

1 mins

October 25, 2025

The New Indian Express Kottayam

The New Indian Express Kottayam

MP crackdown against carbide gun makers as eye injury cases reach 300

IN the aftermath of carbide guns inflicting severe eye injuries to around 300 people, mostly children and teenagers in Madhya Pradesh during Diwali, authorities have launched a crackdown against the seemingly harmless toys.

time to read

1 mins

October 25, 2025

The New Indian Express Kottayam

20 CHARRED

BUS HIT A BIKE AND DRAGGED IT ALONG, SPARKS IGNITED THE DEADLY FIRE

time to read

1 min

October 25, 2025

The New Indian Express Kottayam

Taliban to build dam to limit water to Pak

IN a move that could have far-reaching consequences for Pakistan’s already strained water and energy security, Afghanistan’s Taliban government has said it will build a series of dams on the Kunar River.

time to read

1 min

October 25, 2025

The New Indian Express Kottayam

POWER OF EDUCATION DIPLOMACY

REVERSE SWING

time to read

4 mins

October 25, 2025

The New Indian Express Kottayam

SBI Life profit falls 6.6% despite rise in premium income

SBI Life Insurance on Friday reported a 6.6% year-on-year fall in net income to ₹494.6 crore in the September quarter, despite the largest private sector life insurer saw its premium income growing by 22.6%.

time to read

1 min

October 25, 2025

The New Indian Express Kottayam

Yeast can survive Martian environment: IISc

YEAST, an indispensable ingredient in making bread, beer, and biotech products, has the resilience to withstand harsh conditions found in the Martian environment, a new study by researchers from the Department of Biochemistry, Indian Institute of Science (IISc), and collaborators at the Physical Research Laboratory (PRL), Ahmedabad, have found.

time to read

2 mins

October 25, 2025

The New Indian Express Kottayam

Senapati decked up to greet & honour Muivah

UNC declares Genna for NSCN-IM leader’s visit

time to read

2 mins

October 25, 2025

The New Indian Express Kottayam

Jaishankar snubs UN over Pak terror, says ‘all not well

EAM says Islamabad blocks world body’s sanctions over Pahalgam attack

time to read

1 mins

October 25, 2025

The New Indian Express Kottayam

Madrasa probe for demanding 'virginity test' for 13-yr-old in Moradabad

'Threatened to expel her if she refused to comply'

time to read

1 mins

October 25, 2025

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