The board of Indian Renewable Energy Development Agency at its meeting held on 19 March 2026 has approved the following:

1. Enhancement of Borrowing Plan for FY 2025-26 from up to Rs. 30,800 crore to up to Rs. 35,800 crore. The Borrowing includes fund raising through Taxable Bonds/ Sub-ordinated Tier-II Bonds/Perpetual Debt Instruments (PDI) /Term loan from Banks and FI's /Lines of credit from international agencies (multilateral and bilateral agencies) /Short term loans & WCDL from Bank/ External Commercial Borrowings (ECB).

2. Raising of Resource i.e. Market Borrowing programme upto Rs 40,000 crore for the FY 2026-27 excluding funds raised under Extra Budgetary Resource (EBR). The Borrowing includes fund raising through Taxable Bonds/Green Taxable Bonds/Sub-ordinated Tier-II Bonds/Perpetual Debt Instruments (PDI)/ Green Masala Bonds/ Green Foreign currency bonds (USD/EUR/JPY) / Foreign currency bonds (USD/EUR/JPY)/ Bond ETF/ Other Bond / any other instrument in the nature of Bond/debentures/debt securities/Term loan from Banks and FI's from domestic market/Lines of credit from international agencies/Public & private placement of Tax-free bonds, if allocated by the GoI/Capital Gains Bonds/Commercial Papers/Short term loans/CC/WCDL from Banks/Foreign Currency Non-Resident (FCNR -B) Loans from banks/External Commercial Borrowings (TL & Bonds)/ Foreign currency Borrowings such as term loans, syndicated loans, subordinated loans/Foreign currency Bonds/ Notes such as unsecured/ secured Bonds, perpetual bonds, subordinated bonds/any other instrument for raising foreign currency borrowings / Rupee denominated foreign currency borrowings/any other instrument for mobilization of funds from domestic sources in one or more tranches/series at an appropriate time, depending on market conditions and its funding requirements.