Page 3 - Ireda

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

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.