Page 2 - Ireda

Ireda raises over ₹2,000 crore via QIP from domestic, foreign investors

State-owned IREDA has raised over Rs 2,000 crore through the issuance of qualified institutions placement. The qualified institutions placement (QIP) issue, which was open from June 5-10, received an encouraging response from both domestic and foreign qualified institutional buyers (QIBs), including insurance companies, scheduled commercial banks and foreign portfolio investors. The board has approved the allotment of equity shares to eligible qualified institutional buyers in its meeting held on Wednesday. The QIP was oversubscribed with bids amounting to Rs 2,005.90 crore against the base issue size of Rs 1,500 crore, achieving a subscription of 1.34 times. The capital was mobilised by issuing 12.15 crore equity shares at Rs 165.14 per share, which includes a premium of Rs 155.14 per share over the face value of Rs 10, IREDA said. The issue price of Rs 165.14 reflects a discount of 5 per cent to the floor price of Rs 173.83 per equity share. The capital raised through this issu

Ireda share price slips 2% after company launches ₹5,000 crore QIP

Ireda share price declines after the company launched ₹5,000 crore QIP; check floor price and other details here

NCLT to hear Ireda's plea seeking insolvency against Gensol Engineering

NCLT to hear Ireda's plea against Gensol Engineering over a ₹510 crore default, but denies appointment of an IRP, citing the need to hear the company's side first

Ireda files insolvency plea against Gensol for ₹510 crore loan default

State-run Ireda files insolvency petition under IBC against Gensol Engineering after loan default; Sebi probe and promoter resignations deepen regulatory scrutiny

Ireda files EoW complaint as Gensol promoters dilute equity 'sans approval'

Indian Renewable Energy Development Agency (IREDA), one of two public sector lenders who had loaned money to scam-hit Gensol Engineering for buying electric vehicles, on Friday said the promoters of the firm breached the contract by diluting shareholding without lenders' approval. IREDA said it has filed a complaint with the Economic Offences Wing (EoW) for the contract breach on April 24. "Following recent developments concerning Gensol Engineering Ltd and its promoters and associate companies, IREDA has initiated an internal review in accordance with RBI guidelines and the company's due diligence protocols," IREDA said in a stock exchange filing. Gensol's account is currently under stress but not classified as an NPA. The Investigation and Risk Committees of IREDA are closely examining the matter, it said, adding appropriate actions regarding collaterals and recoveries will be taken based on the outcome of the review. Regarding communications from credit rating agencies on the .

Ireda gains 6% as March quarter profit jumps 49%, stock surges 5.57%

Shares of IREDA on Wednesday jumped nearly 6 per cent after the state-owned firm reported a 49 per cent rise in standalone profit after tax in the quarter ended March 2025. The stock surged 5.57 per cent to Rs 176.40 apiece on the BSE. During the day, it climbed 7.42 per cent to Rs 179.50. On the NSE, the stock jumped 5.64 per cent to Rs 176.41 each. IREDA (Indian Renewable Energy Development Agency Ltd) on Tuesday reported a 49 per cent rise in standalone profit after tax to Rs 502 crore in the quarter ended March 31, 2025. Its revenue from operations rose 37 per cent year-on-year (YoY) to Rs 1,904 crore in the fourth quarter, the company said in a statement. For FY25, the company said its profit after tax (PAT) was the highest ever at Rs 1,699 crore, up 36 per cent compared to FY24. As of March, the company said its net worth was Rs 10,266 crore, up 20 per cent YoY. Meanwhile, capital markets regulator Sebi on Tuesday barred Gensol Engineering and promoters -- Anmol Singh Jagg

Ireda shares jump 7% on posting healthy Q4 nos; PAT up 46%; rev up 37%

The company's net profit during the quarter increased 49 per cent year-on-year (Y-o-Y) to ₹ 502 crore as compared to ₹337 crore a year ago

Stocks to Watch Today, April 16: IndusInd Bank, ICICI Lombard, IREDA

Stocks to Watch Today, April 16: IndusInd Bank, Adani Total Gas, ICICI Lombard, IREDA are some of the top stocks to watch today

Ireda Q4 FY25 results: Net profit jumps 49% to Rs 502 cr, revenue up 37%

According to a company statement released on Tuesday, revenue from operations during the January-March period rose by 37 per cent year-on-year to Rs 1,904 crore

Q4 results today: ICICI Pru Life, Ireda among 9 to post earnings on Apr 15

Q4 FY25 company results, April 15: Nine firms including ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and Ireda to release earnings report for Jan-Mar quarter

Ireda reports 27% rise in loan sanctions in FY25 to Rs 47,453 crore

State-owned IREDA on Monday reported a 27 per cent year-on-year rise in loan sanctions to Rs 47,453 crore in 2024-25. It had sanctioned loans worth Rs 37,354 crore in the previous year, Indian Renewable Energy Development Agency Limited (Ireda) said in a statement. Loan disbursements rose 20 per cent to Rs 30,168 crore from Rs 25,089 crore in 2023-24, as per the provisional data shared by the company. The outstanding loan book also expanded 28 per cent to reach Rs 76,250 crore as of March 31, 2025, up from Rs 59,698 crore in the previous year. IREDA CMD Pradip Kumar Das said, "Our consistent growth in loan sanctions, disbursements, and loan book reflects our strong dedication to financing renewable energy projects. We remain committed to supporting India's clean energy transition through innovative and accessible financing solutions." IREDA is a non-banking financial institution under the Ministry of New and Renewable Energy.

Ireda secures 26 billion Japanese Yen ECB facility from SBI, Tokyo

State-owned IREDA on Friday said it has secured a 26 billion Japanese Yen External Commercial Borrowing facility from SBI's Tokyo Branch, including a green shoe option of 10 billion Japanese Yen. This five-year unsecured facility is set to strengthen IREDA's global market presence, the company said in a statement. "IREDA has signed a facility agreement today for raising external Commercial Borrowing (ECB) from SBI, Tokyo Branch for JPY 26 billion, including a green shoe option of JPY 10 billion. "The landed cost (after hedging) is expected to be below 7 per cent, making it more cost-effective than similar-tenure loans in the domestic market," it said. The company's Chairman & Managing Director Pradip Kumar Das said the facility will enable the company to diversify its resource base and optimize costs, enhancing our lending operations to support India's renewable energy sector. The transaction reflects the strong confidence of global investors in IREDA's financial stability and ...

Here's why Ireda shares advanced 3% in trade on March 28; details here

Ireda shares rose after it inked a Facility Agreement for raising External Commercial Borrowing (ECB) from SBI, Tokyo Branch

Stocks to Watch, March 26: NCC, Ireda, Welspun Ent, Federal Bank, TVS Motor

Stocks to Watch on Wednesday: NCC, Ireda, Welspun Enterprises, Federal Bank, TVS Motor, DLF and Samvardhana Motherson are among the stocks to watch today, March 26, 2025

Ireda raises Rs 910 crore via Tier-II bonds at 7.74% coupon rate

State-owned IREDA on Tuesday said it has raised Rs 910 crore through issuance of bonds. The funds raised will enhance IREDA's Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio (CRAR), IREDA said in a statement. IREDA has raised Rs 910.37 crore through the issuance of privately placed subordinated Tier-II bonds for a 10-year tenor at an annual coupon rate of 7.74 per cent, it said. "The successful raising of Tier-II capital reflects investors' strong confidence in IREDA's financial strength and strategic vision. "This will further empower us to accelerate green energy financing, aligning with the Government of India's target to achieve 500 GW of non-fossil fuel-based energy capacity by 2030," IREDA Chairman and Managing Director (CMD) Pradip Kumar Das said. Indian Renewable Energy Development Agency Ltd (IREDA) is a non-banking financial institution under the Ministry of New and Renewable Energy.

Ireda to raise Rs 1,247 crore via first-ever issue of perpetual bonds

State-owned Indian Renewable Energy Development Agency Ltd (IREDA) has said that it has launched its first-ever issue of perpetual bonds to raise Rs 1,247 crore. The issuance of perpetual bonds is a strategic move aimed at enhancing IREDA's Tier-I capital, ensuring a stronger financial foundation to support the rapid expansion of India's green energy infrastructure, said a company statement issued late evening on Wednesday. The perpetual bonds were issued at an annual coupon rate of 8.40 per cent. This landmark initiative marks a major step in optimizing the company's capital structure, while capitalizing on the current supportive market conditions. "Strengthening our capital base through perpetual bonds will enable us to scale up financing for renewable energy projects, accelerating India's transition to a cleaner and more sustainable future," Pradip Kumar Das, Chairman and Managing Director, IREDA, said. Meanwhile, IREDA has received a refund of Rs 24.48 crore on March 19, 2025,

IREDA shares climb 5% after board increases borrowing limit to Rs 29,200-cr

The uptick in IREDA share price is fueled by the news that the company's board has increased the borrowing limit for FY 2024-25 to Rs 29,200 crore from Rs 24,200 crore

Ireda's board increases borrowing limit by Rs 5,000 crore for FY25

Ireda said that this additional fundraising will be done via corporate bonds of various categories banks, foreign investors, and international agencies

Ireda shares gain 4% after shareholder nod to Rs 5,000-cr fundraise via QIP

Ireda share price: Shares of Ireda climbed after its shareholders approved the company's proposal to raise Rs 5,000 crore via the issuance of equity shares to qualified institutional buyers

Stocks to watch, Feb 25: M&M, Ireda, Nestle India, Airtel, Biocon

Stocks to watch today: Mahindra and Mahindra has increased its market share to 43.8 pr cent in the domestic tractor market despite a challenging year