Introduction:
Green energy stock conducted its Board Meeting on March 17, 2025, approving a ₹5,000 Crores increase in the borrowing program for FY 2024-25. This move aims to strengthen financial resources and support renewable energy development projects efficiently.
Share Price movement of Indian Renewable Energy Development Agency:
On March 18, 2025, Indian Renewable Energy Development Agency Limited opened at ₹140.25, reaching a high of ₹144.75, up 4.05% from its previous close of ₹138.16, with a low of ₹139.98. The stock is currently trading at ₹143.75, with a market cap of ₹38,668.87 Crores.
Indian Renewable Energy Development Agency share price rise:
Indian Renewable Energy Development Agency Limited (IREDA) held its Board Meeting on March 17, 2025, approving the enhancement of its borrowing program by ₹5,000 Crores for FY 2024-25 through various financial instruments and loan facilities, including bonds and external borrowings.
The borrowing limit for FY 2024-25 has now increased from ₹24,200 Crores to ₹29,200 Crores. This enhancement aims to strengthen IREDA’s financial resources, supporting renewable energy development and meeting the growing funding requirements of ongoing and future projects.
The Board Meeting commenced at 3:30 PM and concluded at 5:20 PM. IREDA communicated this decision as per SEBI (LODR) Regulations, reaffirming its commitment to transparent disclosures and efficient resource mobilization for renewable energy initiatives and stakeholders’ interests.
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Stock performance of Indian Renewable Energy Development Agency for Period of 1 week, 6 months and 1 year:
Indian Renewable Energy Development Agency stock declined 2.69% over the past week, followed by a significant 39.9% drop in the last six months. However, despite recent setbacks, the stock managed to deliver a modest 3.76% return over the one-year period.
Shareholding pattern of Indian Renewable Energy Development Agency:
| All values in % | Dec – 24 | Sept – 24 | Jun – 24 |
| Promoters | 75.00 | 75.00 | 75.00 |
| FII | 1.85 | 2.02 | 2.70 |
| DII | 0.63 | 0.35 | 0.42 |
| Retail & others | 22.51 | 22.62 | 21.87 |
About Indian Renewable Energy Development Agency:
Indian Renewable Energy Development Agency Ltd (NSE: IREDA) is a government-owned financial institution promoting renewable energy projects in India. It provides financing for wind, solar, hydro, and other green energy initiatives, supporting the nation’s sustainable energy goals and contributing to environmental conservation efforts.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
