Indian Renewable Energy Development Agency Limited has signed MoU with Union Bank of India and Bank of Baroda to accelerate the development of renewable energy in India.
Indian Renewable Energy Development Agency Limited was established in the year 1987 as a Mini Ratna Company under the Government of India.
Union Bank of India is a public sector unit of India in which 60% of the share capital is held by the Government of India.
The bank entered the capital market with an initial public offer on August 20, 2002 and a flow-on public offer in February 2006. At present 44.57% of the share capital of the bank is held by institutions, individuals and others.
Bank of Baroda is a public sector bank of India.
It is the third largest bank in the region after State Bank of India and Punjab National Bank.
