IREDA touches roof on launching retail division
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Indian Renewable Energy Development Agency is currently trading at its upper limit of Rs. 85.02, up by 14.17 points or 20.00% from its previous closing of Rs. 70.85 on the BSE.
The scrip opened at Rs. 74.64 and has touched a high and low of Rs. 85.02 and Rs. 73.42 respectively. So far 21426443 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.02 on 11-Dec-2023 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. 85.02 and Rs. 61.51 respectively. The current market cap of the company is Rs. 22851.38 crore.
Indian Renewable Energy Development Agency (IREDA) has launched its retail division, which became operational on December 5. This strategic initiative is geared towards enhancing emphasis on providing loans to borrowers in the PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors.
Shortly after opening, IREDA’s Retail division quickly sanctioned its first loan amounting to Rs 58 crore under KUSUM-B, underscoring IREDA's dedication to emerging as the preferred lender in new segments, mirroring its success in other renewable energy sectors.
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).
