Page 4 - Ireda

IREDA stock price zooms 9% on August 22; up 26% in last 3 months

The rise in the IREDA share price came after the company announced its plans to raise funds worth up to Rs 4,500 crore via FPO, QIP and other means.

Ireda to float FPO of Rs 4,500 crore; firm to take nod in meeting on Aug 29

The only green NBFC had launched its IPO in December 2023, move in line with sector's growth

IREDA hits all time high on robust June quarter earnings; stock zooms 9%

The uptick in stock price came after the company announced a strong set of June quarter results (Q1FY25)

Stocks to watch, July 15: HCLTech, DMart, RVNL, IREDA, Zomato, Lupin

At 6:47 AM, GIFT Nifty futures indicated a major uptick of 91 points at 24,613, suggesting a gap-up start for the bourses

Ireda Q1FY25 results: Net profit surges over 30% to Rs 383.69 crore

Indian Renewable Energy Development Agency (Ireda) on Friday reported over 30 per cent growth in its net profit to Rs 383.69 crore for the June quarter, mainly on the back of higher revenues. "IREDA has achieved Profit After Tax of Rs 383.69 crore (in Q1), marking an impressive year-on-year growth of 30.25 per cent," a company statement said. According to the statement, its net profit was Rs 294.58 crore in the quarter ended on June 30, 2023. As the largest pure-play green financing NBFC in the country, it stated that Ireda achieved a new industry standard by publishing its audited financial results within only 12 days. This milestone also marks Ireda as the first central public sector enterprise (CPSE) to promptly declare results and achieve the fastest publication of audited results in the banking and NBFC space, it added. The company has successfully reduced its net non-performing assets to 0.95 per cent in the first quarter of FY 2024-25 from 1.61 per cent in the same quarter

This PSU stock has surged 97% from June lows; zooms 850% over issue price

Ireda stock hit a new high, crossing the Rs 300-mark for the first time. Ireda stock has surged 23% in two days ahead of Q1 results

Renewables financier Ireda's high valuation may limit further stock upside

Ireda, which provides funding assistance and other services to renewable energy and energy efficiency/conservation projects and is 75 per cent owned by the government of India

IREDA extends rally on heavy volumes; hits record high, soars 15% in 3 days

The stock hit a record high of Rs 218.80, soaring 6.5% in Wednesday's intra-day trade, surpassing its previous high of Rs 215 touched on February 6, 2024.

Ireda loan grows to Rs 9,136 cr in April-June; disbursements rose by 67.6%

Public sector non-banking financial company IREDA on Monday said it posted manifold growth in its sanctioned loan to Rs 9,136 crore during April-June FY25. Loan disbursements also rose 67.61 per cent to Rs 5,320 crore in the period under review from Rs 3,174 crore in the year-ago period. The total loan book outstanding as of June 30, 2024 was at Rs 63,150 crore, up 33.77 per cent over Rs 47,207 crore in April-June FY24, IREDA said in a statement. Pradip Kumar Das, CMD, IREDA, said: "The first quarter underscores our commitment to accelerating the deployment of renewable energy solutions in India. The substantial increase in loan sanctions and disbursements reflects our proactive approach in supporting projects that contribute to India's renewable energy goals." Indian Renewable Energy Development Agency (IREDA), under the Ministry of New and Renewable Energy, has been engaged in promoting, developing and extending financial assistance for setting up projects related to new and ...

IREDA stock price zooms 6% on strong June quarter business update

The uptick in the stock price came after the company announced a strong set of June quarter (Q1FY25) business update

IREDA, Hudco's share price zooms up to 8% intraday; check details here

Shares of state owned Indian Renewable Energy Development Agency (IREDA) soared up to 7.7 per cent at Rs 199.35 per share on the BSE in Wednesday's intraday trade

Ireda sanctioned Rs 37,354 cr loan, disbursed Rs 25,089 cr in FY24: CMD

State-owned Ireda sanctioned Rs 37,354 crore loan and disbursed Rs 25,089 crore in FY24, the company's CMD PK Das said on Monday. In the company's annual general meeting, the CMD also said that the net worth stood at Rs 8,559 crore at the end of the March quarter, a company statement said. "IREDA achieved its highest-ever sanction of Rs 37,354 crore and disbursement of Rs 25,089 crore in FY24," Das said. Ireda, under the Ministry of New and Renewable Energy, is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects related to new and renewable sources of energy and power efficiency/conservation.

IREDA shares gain 4% after NCD fundraise gets oversubscribed by 2.65 times

Shares of Indian Renewable Energy Development Agency (IREDA) surged up to 4.2 per cent at Rs 187 per share in Monday's intraday trade

Ireda raises Rs 1,500 crore via bonds, oversubscribed by 2.65 times

State-owned Indian Renewable Energy Development Agency (Ireda) on Friday said it has raised Rs 1,500 crore through a bond issue, which was oversubscribed by 2.65 times. The bond issuance, which consisted of a base issue of Rs 500 crore and a green shoe option of Rs 1,000 crore, received an overwhelming response from investors, and oversubscribed 2.65 times, a company statement said. According to the statement, Ireda successfully raised Rs 1,500 crore on Friday through the issuance of bonds. Funds have been raised at an annual interest rate of 7.44 per cent for a tenure of 10 years and 2 months. Ireda Chairman & Managing Director Pradip Kumar Das said, "...The oversubscription by 2.65 times underscores the trust and confidence that investors have in Ireda's vision and its crucial role in driving the renewable energy growth in the country". "This successful capital raising will enable us to further strengthen our efforts in financing green energy projects, contributing to India's .

HDB Financial Services to reissue Sept 2027 bonds, eyes to raise Rs 500 cr

The company will offer a yield of 8.35 per cent on this issue, and has invited bids from bankers and investors on Monday

Ireda to issue FPO this financial year to support its growing size

IREDA launched its initial public offering (IPO) in December 2023 and debuted on Dalal Street after two failed attempts over the last decade

IREDA surges 13% on heavy volumes after govt gives 'navratna' status

In the past six trading days, post March quarter (Q4FY24) results, shares of IREDA have rallied 19 per cent

IREDA surges 12% on heavy volumes post strong March quarter results

The company reported 33% YoY growth in net profit in Q4, and successfully reduced its net non-performing assets (NPAs) to 0.99 per cent from 1.66 per cent in the year ago quarter.

IREDA Q4 results: Net profit grows 33% to Rs 337 crore on higher income

State-owned IREDA on Friday posted a 33 per cent rise in its net profit to Rs 337.37 crore for the quarter ended March 2024, aided by higher income. It had clocked Rs 253.61 crore net profit during the January-March period of the preceding 2022-23 fiscal, the company said in an exchange filing. The company's total income surged to Rs 1,391.63 crore in the fourth quarter of FY24 from Rs 1,036.31 crore a year ago. Its expenses were Rs 911.96 crore in the period under review, as against Rs 747.93 crore in the year-ago period. Indian Renewable Energy Development Agency Limited (IREDA), under the Ministry of New and Renewable Energy, is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency/conservation.

IREDA surges 13% on heavy volumes; zooms 32% in 1 week post FY24 biz update

Further, both the BSE and NSE revised the circuit filter for the stock from 5% to 20% with effect from today.