Page 3 - Ireda

Ireda gets shareholders' approval to raise up to Rs 5,000 cr via QIP

State-owned IREDA has got shareholders' approval for raising up to Rs 5,000 crore through issuance of equity shares to qualified institutional buyers. The proposal received the shareholders' nod at the 22nd Extraordinary Genera Meeting on Monday. All the resolutions as mentioned in the notice for the EGM have been duly approved and passed by the shareholders as a special resolution with requisite majority, a BSE filing said. As per the notice, the company anticipates growth opportunities in its existing operations and continues to evaluate various avenues, for which it requires capital.

Why Tata Technologies and Ireda shares rose up to 4% in trade today?

The stocks surged after National Stock Exchange (NSE) announced their futures and options (F&O) contracts would be available for trading from February 20, 2025

Ireda arm gets provisional registration as finance co at Gujarat GIFT City

State-owned IREDA on Tuesday said its wholly-owned arm has been granted provisional registration as a finance company at Gift City in Gujarat. IREDA Global Green Energy Finance IFSC Limited has received the Certificate of Registration dated February 18 from International Financial Services Centre Authority (IFSCA) to undertake the activities as a finance company, IREDA said in an exchange filing. "IFSCA in its letter dated September 4, 2024 has granted the provisional registration to IREDA Global Green Energy Finance IFSC, (a wholly-owned subsidiary of IREDA) as a finance company at Gift City," it said. Indian Renewable Energy Development Agency Limited (IREDA), under the Ministry of New & Renewable Energy, is engaged in providing finance to mainly renewable energy projects.

Ireda to raise up to Rs 5,000 crore via qualified institutions placement

The company clarified, planned issuance would not dilute the stake of government of India in the company not beyond 7 per cent post the issue

Ireda board gives green light to Rs 5,000 crore fundraising through QIP

Government's shareholding in Ireda would not dilute by more than 7 per cent of its 75 per cent stake in the firm, the company said

Ireda finalises JV with SJVN, GMR, and NEP for hydropower project in Nepal

State-owned IREDA has finalised a joint venture agreement with SJVN, GMR Energy and the Nepal Electricity Authority to set up a 900 megawatt hydropower project in Nepal. The agreement for the 900 MW Upper Karnali hydro-electric project was formalised in New Delhi on Thursday, in the presence of senior officials from IREDA, SJVN, and GMR Energy. In a statement on Thursday, IREDA said, "It has finalised a joint venture agreement with SJVN Ltd, GMR Energy Ltd, and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali hydro-electric project in Nepal. This strategic initiative aims to strengthen regional energy security and accelerate renewable energy growth." The joint venture agreement lays out a comprehensive framework for project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) model, with a 25-year project term from the Commercial Operation Date (CoD). IREDA CMD Pradip Kumar Das said, "This agreement marks a

Why did IREDA shares fail to hold gains after Q3 results? Details here

The company's net profit climbed about 27 per cent year-on-year to Rs 425.4 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 335.5 crore in the same quarter a year ago (Q3FY24)

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi, Swiggy, Zomato, SAIL

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi will be in focus post their Q3 results, also, Swiggy, Zomato, Vi and others will be on the radar

Ireda Q3 results: Net profit rises 27% to Rs 425.35 crore, revenue up 37%

On a sequential basis, the profit after tax (PAT) grew 10 per cent over Rs 387.75 crore reported in Q2FY25

Stock Market Close Highlights: Sensex sheds 528pts, Nifty at 23,526; IT, financials shares dip

Stock Market Today LIVE Updates, Jan 9: In the broader markets, the Nifty MidCap and SmallCap indices were flat

Markets Today: TCS, IREDA Q3; Fed Dec minutes; Standard Glass IPO allotment

In the previous session, the Sensex ended at 78,141.06, registering a decline of 58 points or 0.07 per cent, while the Nifty50 closed at 23,688.95, down 19 points or 0.08 per cent

Lupin, IREDA, AWL: These 4 buzzing stocks can rally up to 28%; hint charts

IREDA stock is seen attempting a breakout on the daily scale, while SJVN is testing support at the key monthly moving average, which the stock has held since August 2020; shows the technical charts.

Ireda loan disbursement up 41% to Rs 17,236 crore in December quarter

State-owned Indian Renewable Energy Development Agency (IREDA) has logged 41 per cent loan disbursement growth to Rs 17,236 crore in the December quarter. As per provisional figures, IREDA sanctioned loans worth Rs 31,087 crore in the third quarter, marking an extraordinary 129 per cent Year-on-Year (YoY) rise compared to Rs 13,558 crore in the corresponding period last year, according to a company statement issued late Tuesday evening. Loan disbursements also witnessed significant growth, increasing by 41 per cent YoY to Rs 17,236 crore from Rs 12,220 crore a year ago, the statement said. The outstanding loan book surged by 36 per cent, reaching Rs 69,000 crore as of December 31, 2024, compared to Rs 50,580 crore last year. "IREDA's outstanding performance reflects our unwavering commitment to driving India's renewable energy transition. "The 129 per cent growth in loan sanctions underscores the increasing confidence of stakeholders in our capabilities and our pivotal role in ...

IREDA share price rally 6% on strong Q3FY25 business update; details here

The rise in the IREDA share price came after the company posted a strong set of numbers in the December quarter of the financial year 2025 (Q3FY25) business update

Ireda sanctions over Rs 3,000 crore for green energy projects in Odisha

The Indian Renewable Energy Development Agency Limited has sanctioned over Rs 3,000 crore for green energy projects across Odisha, covering solar, hydro, ethanol and renewable energy manufacturing sectors, a top IREDA official said here on Monday. Chairman and Managing Director of IREDA, Pradip Kumar Das said this while addressing the Odisha Solar Investor Conclave, organised by GRIDCO and iFOREST (International Forum for Environment Sustainability and Technology) here. Das reaffirmed its commitment to Odisha's ambitious renewable energy target, with the state setting its vision on achieving 10 GW (gigawatt) capacity by 2030. He highlighted IREDA's unique position as a competitive financier with fully paperless, digitized and borrower-friendly operations, fostering seamless support for green energy projects. Das said Odisha has the potential to emerge as a leading solar power producer and a hub for solar equipment manufacturing. Sharing IREDA's national contributions, he noted tha

Samvat 2080 IPO scorecard: Here are the top performers and underachievers

The state-owned Indian Renewable Energy Development Agency (IREDA) also featured prominently, securing the 7th spot with a 526.31 per cent return

IREDA gets DIPAM nod to set up subsidiary for retail, B2B biz in RE segment

State-run IREDA has received approval from DIPAM to set up a wholly-owned subsidiary to undertake retail and B2B business in the renewable energy sector. Indian Renewable Energy Development Agency (IREDA), under the Ministry of new and renewable energy, is a non-banking financial institution. It has received in-principle approval from the Department of Investment and Public Asset Management (DIPAM) to establish a wholly-owned subsidiary to handle retail business under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes, and other B2C segments in the renewable energy (RE) sector, IREDA said in a statement on Thursday. The subsidiary will also focus on emerging RE sectors, including EVs, energy storage, green technologies, sustainability, energy efficiency, etc. IREDA CMD Pradip Kumar Das said, "By extending our expertise in RE finance to retail market, we will provide innovative financing options for both urban and rural consumers, promoting sustainable practices and reducing carbon ...

IREDA share price up 3% as Q2 profit climbs 36% YoY; details here

The state-owned company, on Thursday, reported a 36 per cent rise in profit after tax, reaching Rs 387.7 crore for the September quarter (Q2FY25), compared to Rs 284.7 crore in Q2FY24

Ireda Q2FY25 results: Net profit grows 36% to Rs 388 cr on higher revenues

State-owned Ireda on Thursday reported a 36 per cent rise in its profit after tax to Rs 387.75 crore in the September quarter on higher revenues. The company had posted a profit after tax (PAT) of Rs 284.73 crore in the July-September period of the preceding 2023-24 fiscal, it said in an exchange filing. Its total revenue from operations rose 38.52 per cent year-on-year to Rs 1,630.38 crore from Rs 1,176.96 crore. Ireda's loan book increased by 35.88 per cent to Rs 64,564.36 crore from Rs 47,514.48 crore in the same quarter a year. Loan sanctions jumped around four-fold to Rs 8,723.78 crore against Rs 2,852.05 crore in the second quarter last fiscal. The company disbursed Rs 4,461.87 crore worth of loans, up 43.93 per cent from Rs 3,099.98 crore in the year-ago quarter. Ireda CMD Pradip Kumar Das said, "Q2 results reflect our unwavering dedication to advancing India's renewable energy goals. The substantial growth in loan sanctions and disbursements underscores the company's ...

Ireda sees 303% surge in loan sanctions, reaching Rs 17,860 cr in Apr-Sept

The company experienced a substantial rise in loan disbursements, which increased by 56 per cent to Rs 9,787 crore, up from Rs 6,273 crore in September 2023