Page 2 - Ireda

Ireda plans ₹2,500-3,000 crore QIP to dilute 3.76% govt stake this year

State-owned IREDA plans to raise Rs 2,500-3,000 crore through qualified institutional placement route this fiscal as it looks to dilute another 3.76 per cent of the government holding in the company following a successful IPO in December 2023, a top company official said Monday. The company also said it had an exposure of Rs 700 crore to the crisis-hit Gensol Engineering and it has already recovered a little over Rs 100 crore by way of various instruments, including encashing their bank guarantees as well as withdrawal of the FD money. Gensol had acted as a financier and lessor of vehicles to the all-electric ride-hailing company Blue Smart. The Ahmedabad bench of the National Company Law Tribunal (NCLT) has already admitted to corporate insolvency proceedings against Gensol Engineering, following a petition by IREDA. In April this year, in an interim order, Sebi barred Gensol Engineering and promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi -- from the securities markets till

IREDA bonds get tax-exempt status, helping investors save on capital gains

Exemption to IREDA bonds redeemable after five years and issued on or after July 9

Ireda share price slips 6% as Q1 profit plunges 36% YoY; details here

Ireda shares declined today following a disappointing financial performance in the June quarter (Q1FY26).

Ireda Q1FY26 results: Net profit falls 35.6% YoY to ₹246.88 crore

Revenue from operations rose 29 per cent YoY to ₹1,947.60 crore in Q1FY26 from ₹1,510.27 crore in Q1FY25

TCS, Tata Elxsi, Ireda kick off Q1 result season: See full list here

Q1 FY26 company results, July 10: 17 companies prepare to release their first quarter results for financial year 2025-26 today

Ireda's loan sanctions rise 29% to ₹11,740 cr in Q1; disbursements up 31%

The Indian Renewable Energy Development Agency (IREDA) logged 29 per cent growth in loan sanctions to Rs 11,740 crore in June quarter as compared to Rs 9,136 crore a year ago. The state-owned agency started the financial year on a high note, registering a rise in its key financial indicators in June quarter, based on provisional data, a statement said. Loan disbursements rose 31 per cent to Rs 6,981 crore from Rs 5,326 crore in Q1 FY25. The company's outstanding loan book was at Rs 79,960 crore as on June 30, 2025, reflecting 27 per cent increase over Rs 63,207 crore in the year-ago period. Our first quarter growth underscores IREDA's crucial role in powering India's renewable energy ecosystem. The numbers reflect both increasing demand and our readiness to respond with effective financing solutions, CMD Pradip Kumar Das said.

Gensol Engineering admitted to insolvency by NCLT on Ireda petition

Ireda called for immediate oversight, stating Gensol had essentially become 'headless' following the departure of its senior leadership during the regulatory investigation

Stocks to Watch today, June 16, 2025: Ireda, DLF, OMCs, IndusInd Bk

Stocks to Watch today, June 16, 2025: From Ireda to oil-linked stocks, here is a list of few shares that will remain on investors' radar today

Gensol insolvency: NCLT admits Ireda's plea on ₹510 crore default

NCLT Ahmedabad admits two Gensol entities to insolvency proceedings under IBC on Ireda's plea, citing defaults totalling ₹729 crore; resolution professional to be appointed

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.