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Happy over IREDA`s excellent second-quarter results: Pralhad Joshi The Indian Renewable Energy Development Agency (IREDA) has created a new revolution in the clean energy sector and Union Minister Pralhad Joshi on Saturday expressed happiness over the "excellent second-quarter results."   “I am happy over IREDA's excellent second-quarter results,” stated Union Minister for New and Renewable Energy and Food, Public Distribution, Joshi. Speaking to reporters in Hubballi, the minister said IREDA's revenue saw a 38 per c...
Happy over IREDA`s excellent second-quarter results: Pralhad Joshi
Happy over IREDA`s excellent second-quarter results: Pralhad Joshi
Source: IANS
2024-10-12 03:18:51 pm
IREDA gets a booster shot with international credit rating from S&P Global Indian Renewable Energy Development Agency Limited (IREDA) achieved a significant milestone on Thursday by securing its international credit rating which will help the government-owned financial company to secure funds from global markets at lower rates of interest.  The International Credit Rating Agency, S&P Global Ratings Limited assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings to IREDA, with Outlook 'Stable', the Ministry of New ...
IREDA gets a booster shot with international credit rating from S&P Global
IREDA gets a booster shot with international credit rating from S&P Global
Source: IANS
2024-08-30 10:07:33 am
IREDA zooms on planning to raise funds up to Rs 4500 crore Indian Renewable Energy Development Agency is currently trading at Rs. 257.80, up by 18.90 points or7.91% from its previous closing of Rs. 238.90 on the BSE. The scrip opened at Rs. 245.65and has touched a high and low of Rs. 265.75 and Rs. 245.65 respectively. Sofar 5769159 shares were traded on the counter. The BSE group 'B' stock of facevalue Rs. 10 has touched a 52 week high of Rs. 310.00 on 15-Jul-2024 and a 52 week low of Rs. 49.99 on 29-Nov-2023. Last one week hi...
IREDA zooms on planning to raise funds up to Rs 4500 crore
IREDA zooms on planning to raise funds up to Rs 4500 crore
Source: Accord Fintech
2024-08-22 03:26:39 pm
IREDA shines on getting nod to invest Rs 290 crore in 900 MW project in Nepal Indian Renewable Energy Development Agency is currently trading at Rs. 268.65, up by 11.25 points or 4.37% from its previous closing of Rs. 257.40 on the BSE. The scrip opened at Rs. 253.10 and has touched a high and low of Rs. 274.80 and Rs. 251.15 respectively. So far 9776177 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 310.00 on 15-Jul-2024 and a 52 week low of Rs. 49.99 on 29-Nov-2023. Last one week high...
IREDA shines on getting nod to invest Rs 290 crore in 900 MW project in Nepal
IREDA shines on getting nod to invest Rs 290 crore in 900 MW project in Nepal
Source: Accord Fintech
2024-07-19 11:38:35 am
IREDA's Rs 1,500 crore bond issue oversubscribed by 2.65 times Indian Renewable Energy Development Agency (IREDA) successfully raised Rs. 1500 crore today through issuance of bonds. The bond issuance, which consisted of base issue of Rs. 500 crore and Green shoe option of Rs. 1,000 crore, received an overwhelming response from investors and was oversubscribed 2.65 times. The funds have been raised at an annual interest rate of 7.44% for a tenure of 10 years and 2 months.   Commenting on the successful bond issuance, Shri Pradip Kumar Das, C...
IREDA's Rs 1,500 crore bond issue oversubscribed by 2.65 times
IREDA's Rs 1,500 crore bond issue oversubscribed by 2.65 times
Source: PR Agency
2024-06-23 02:42:08 pm
IREDA sets up subsidiary in GIFT City to mobilise global funds for green projects Indian Renewable Energy Development Agency Ltd. (IREDA) has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC) located in Gujarat's GIFT City to extend its global reach for securing funds at competitive rates to boost green projects in the country, the Ministry of Renewable Energy said on Thursday. The subsidiary, IREDA Global Green Energy Finance IFSC Limited, "not only positions IREDA to extend its global reach but also acts as an offsho...
IREDA sets up subsidiary in GIFT City to mobilise global funds for green projects
IREDA sets up subsidiary in GIFT City to mobilise global funds for green projects
Source: IANS
2024-05-10 10:18:58 am
IREDA posts 45 pc jump in net profit at Rs 1,252 crore for 2023-24  Indian Renewable Energy Development Agency Ltd. (IREDA) on Saturday reported a 44.83 per cent jump in net profit to Rs 1,252.23 crores for the financial year ended March 31, 2024, compared to the net profit of Rs 864.63 crores registered in the previous fiscal year 2022-23. The nation's largest pure-play green financing NBFC also said that it has successfully reduced its net non-performing assets (NPAs) to 0.99 per cent in FY 2023-24 from 1.66 per cent in FY 2022-23, demonstratin...
IREDA posts 45 pc jump in net profit at Rs 1,252 crore for 2023-24
IREDA posts 45 pc jump in net profit at Rs 1,252 crore for 2023-24
Source: IANS
2024-04-20 04:55:37 pm
IREDA's GIFT City branch to give special foreign currency loans for green projects Indian Renewable Energy Development Agency Ltd (IREDA) has opened an office in GIFT City at Gandhinagar which will specialise in providing debt options denominated in foreign currencies to facilitate natural hedging and significantly reduce the financing costs for green hydrogen and renewable energy manufacturing projects, the Ministry of New and Renewable Energy said on Thursday. The strategic initiative which would contribute to the country's journey towards a greener future was high...
IREDA's GIFT City branch to give special foreign currency loans for green projects
IREDA's GIFT City branch to give special foreign currency loans for green projects
Source: IANS
2024-04-18 01:53:48 pm
Comments - IREDA shares have dropped about 28% from their recent high by Suman Bannerjee, CIO, Hedonova, a Paris Based Hedge Fund Below the Quote on IREDA shares have dropped about 28% from their recent high by Suman Bannerjee, CIO, Hedonova, a Paris Based Hedge Fund   1. The stock's chart shows a bearish trend, falling below the important support level of Rs 155. It indicates negative investor sentiment and suggests it might drop further if it doesn't quickly get back above this level. The next support level to watch is Rs 139; if the stock falls below this, the bearish trend could worsen. For a bull...
Comments - IREDA shares have dropped about 28% from their recent high by Suman Bannerjee, CIO, Hedonova, a Paris Based Hedge Fund
Comments - IREDA shares have dropped about 28% from their recent high by Suman Bannerjee, CIO, Hedonova, a Paris Based Hedge Fund
Source: PR Agency
2024-03-06 11:09:52 am
IREDA Posts 67% Growth in Net Profit, Earnings Per Share Up by 57% Indian Renewable Energy Development Agency Ltd. (IREDA) today announced its audited financial results for the third quarter of the fiscal year 2023-24. The company reported a remarkable 67% increase, reaching a Profit After Tax (PAT) of ? 335.54 crores for the quarter. This outstanding performance is attributed to consistent growth in the Loan Book and a significant reduction in Net Non-Performing Assets (NPAs) from 2.03% to 1.52% year-on-year. During a meeting at Kevadia, Gujarat today, t...
IREDA Posts 67% Growth in Net Profit, Earnings Per Share Up by 57%
IREDA Posts 67% Growth in Net Profit, Earnings Per Share Up by 57%
Source: PR Agency
2024-01-20 05:29:57 pm