Indian Renewable Energy Development Agency Ltd

(IREDA)

IREDA Launches Eco-Friendly Mobility Initiative - 15 Nov, 2024

Union minister Pralhad Joshi launched battery vehicles at Jagannath Temple, supported by IREDA's CSR program, promoting eco-friendly mobility and enhancing accessibility for visitors.

IREDA Stock Recovers Amid Market Weakness - 14 Nov, 2024

On November 14, 2024, IREDA shares increased by 2.5% after facing an 18% decline over the past month. The stock was trading at Rs 192.

IREDA Stock Shows Impressive Growth and Performance - 01 Nov, 2024

IREDA shares opened at Rs 50, reflecting an 87.5% gain from its IPO price. The stock has gained 100% in 2024 and over 250% in the last year, indicating strong market performance.

Delay in Tax Exemption Decision for IREDA and HUDCO - 29 Oct, 2024

The inclusion of IREDA and HUDCO under Section 54EC of the Income Tax Act remains undecided, causing delays in potential funding opportunities despite alignment with national renewable energy and housing goals.

IREDA Supports Bhutan's Renewable Energy Initiatives - 28 Oct, 2024

IREDA's CMD P K Das announced the agency's readiness to finance Bhutan's renewable energy projects, focusing on large hydro power and rooftop solar, while advocating for competitive debt financing.

EIB Invests €1 Billion in India's Green Hydrogen Sector - 24 Oct, 2024

The European Investment Bank (EIB) is set to invest €1 billion to support India's green hydrogen sector, collaborating with Power Finance Corporation and Indian Renewable Energy Development Agency Ltd to identify and develop projects.

IREDA Shares Decline Amid Profit Miss - 23 Oct, 2024

IREDA's share price has fallen for seven consecutive days, hitting a nearly four-month low. The stock declined 9.31% due to negative sentiment after missing net profit estimates for the July-September period, despite a year-on-year profit increase of 36.14%. Additionally, net non-performing assets rose to 1.04%.

IREDA Reports Strong Q2 Performance Despite Share Price Drop - 22 Oct, 2024

IREDA shares fell 35% from July highs but reported a 36% increase in profit after tax to Rs 387.75 crore for Q2 FY2023-24. Revenue rose 38.52% year-on-year, and loan disbursements increased by 43.93%. The stock closed at Rs 199.50, up 5% from the previous day.

India's Renewable Energy Investment Needs by 2030 - 21 Oct, 2024

IREDA's CMD Pradip Kumar Das stated that India will require approximately Rs 32 lakh crore investment in renewable energy by 2030 to achieve its targets.

IREDA Market Cap Declines by ₹552.45 Crore - 17 Oct, 2024

On October 17, 2024, IREDA's stock fell by 0.93% to ₹219.05, resulting in a market cap loss of ₹552.45 crore. The stock remains volatile amid ongoing market conditions, with a 52-week high of ₹310.00 and a low of ₹50.00.