Following the recent award of Navratna status by the Department of Public Enterprises, Ministry of Finance, what benefits will the Indian Renewable Energy Development Agency Limited (IREDA) enjoy?
1. It can invest up to Rs. 1,000 crores without seeking approval from the central government.
2. It can incur capital expenditure on the purchase of new items or for replacement, without any monetary ceiling.
3. It can invest up to 15% of their net worth on a single project, or 30% of their net worth in a given year, subject to a cap of Rs. 1,000 crores.
4. It has now a free hand to enter into technology joint ventures or strategic alliances.
1
1 and 2 Only
2
1 and 3 Only
3
1, 2, and 3 Only
4
2, 3, and 4 Only
5
All of the above