IREDA soars on planning to establish subsidiary to cater to retail projects
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Indian Renewable Energy Development Agency is currently trading at Rs. 168.50, up by 2.15 points or 1.29% from its previous closing of Rs. 166.35 on the BSE.
The scrip opened at Rs. 167.55 and has touched a high and low of Rs. 171.45 and Rs. 160.00 respectively. So far 4059322 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 215.00 on 06-Feb-2024 and a 52 week low of Rs. 49.99 on 29-Nov-2023.
Last one week high and low of the scrip stood at Rs. 185.50 and Rs. 160.00 respectively. The current market cap of the company is Rs. 45194.76 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 6.25% and 18.75% respectively.
Indian Renewable Energy Development Agency (IREDA) is planning to establish a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other Business-to-Consumer (B2C) segments. IREDA can set up a wholly owned subsidiary to meet the needs of the Retail segments, subject to the approval of the Government of India.
Indian Renewable Energy Development Agency is a Mini Ratna (Category - I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).
