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Indian state-run firms set to issue long term bonds to meet investor demand Indian state-run companies are poised to raise about 50 billion rupees ($595.61 million) through long-term securities over the next two weeks, as falling government bond yields and reduced state debt supply leave investors starved for opportunities. At least four state-run firms—THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency — which have not been frequent issuers, are set to tap the market with bond offerings ranging from 10 to 15...
Indian state-run firms set to issue long term bonds to meet investor demand
Indian state-run firms set to issue long term bonds to meet investor demand
Source: Reuters
2024-08-22 03:53:02 pm
IREDA zooms on reporting 30% rise in Q1 net profit IREDA is currently trading at Rs. 298.90, up by 14.25 points or 5.01% from its previous closing of Rs. 284.65 on the BSE. The scrip opened at Rs. 300.95 and has touched a high and low of Rs. 310.00 and Rs. 295.00 respectively. So far 10294881 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 and low of the scrip stood at Rs. 3...
IREDA zooms on reporting 30% rise in Q1 net profit
IREDA zooms on reporting 30% rise in Q1 net profit
Source: Accord Fintech
2024-07-15 10:47:26 am
Buy Indian Renewable Energy Development Agency for Traget Price 203 - Choice Broking Ltd Indian Renewable Energy Development Agency IREDA is presently trading at ?181, having recently formed a cup & handle pattern with a notable surge in trading volume. This breakout suggests potential further upward movement, with projected price targets set at ?203. A significant support level is identified near ?170 on the downside. Furthermore, IREDA is currently trading above key Exponential Moving Averages (EMAs), including the 20-day, 50-day, 100-day, and 200-day EMAs. This indic...
Buy Indian Renewable Energy Development Agency for Traget Price 203 - Choice Broking Ltd
Buy Indian Renewable Energy Development Agency for Traget Price 203 - Choice Broking Ltd
Source: Choice Broking
2024-05-23 03:28:36 pm
IREDA loans for green energy projects surge to Rs 37,354 crore in 2023-24 Indian Renewable Energy Development Agency Limited (IREDA), the largest pure-play green financing Non-Banking Financial Company (NBFC) in the country, has achieved its highest-ever annual loan sanctions amounting to Rs 37,354 crore in the financial year 2023-24, according to an official statement issued on Tuesday. The company has disbursed loans worth Rs 25,089 crore during the fiscal year. This has led to a robust growth of 26.71 per cent in the loan book, which now stands at Rs 59,650 c...
IREDA loans for green energy projects surge to Rs 37,354 crore in 2023-24
IREDA loans for green energy projects surge to Rs 37,354 crore in 2023-24
Source: IANS
2024-04-02 02:13:49 pm
SJVN to supply 300 MW solar power to J&K from Rajasthan unit  SJVN Limited, through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL), has signed a power usage agreement with Jammu & Kashmir Power Corporation Limited to supply 300 MW of solar power from its 1,000 MW Bikaner Solar Power Project in Rajasthan. Chairperson & Managing Director of SJVN, Geeta Kapur, informed that the Bikaner Solar Power Project is being developed under the IREDA scheme at a cost of Rs 5,491 crore. The project is being developed under the domestic c...
SJVN to supply 300 MW solar power to J&K from Rajasthan unit
SJVN to supply 300 MW solar power to J&K from Rajasthan unit
Source: IANS
2024-02-27 11:02:42 am
IREDA soars on planning to establish subsidiary to cater to retail projects 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 ...
IREDA soars on planning to establish subsidiary to cater to retail projects
IREDA soars on planning to establish subsidiary to cater to retail projects
Source: Accord Fintech
2024-02-22 01:50:14 pm
IREDA plans to set up subsidiary to finance rooftop solar units, electric vehicles Indian Renewable Energy Development Agency Ltd. (IREDA) has drawn up plans for establishing a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other Business-to-Consumer (B2C) segments, company chairman Pradip Kumar Das said on Tuesday. He said that IREDA can set up a wholly owned subsidiary to meet the needs of the retail segments, subject to the approval of Central India. The CMD said this during a panel discussion on "Green Fina...
IREDA plans to set up subsidiary to finance rooftop solar units, electric vehicles
IREDA plans to set up subsidiary to finance rooftop solar units, electric vehicles
Source: IANS
2024-02-21 09:21:47 am
IREDA inks pact with PNB for financing green energy projects Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) on Monday aimed at advancing renewable energy initiatives across the nation. The agreement paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects. It covers joint lending, loan syndication and underwriting, management of Trust and Retention Account (TRA) for IREDA borrowers, and working towa...
IREDA inks pact with PNB for financing green energy projects
IREDA inks pact with PNB for financing green energy projects
Source: IANS
2024-02-19 02:37:21 pm
Indian Overseas Bank jumps on partnering with IREDA Indian Overseas Bank is currently trading at Rs. 44.20, up by 0.61 points or 1.40% from its previous closing of Rs. 43.59 on the BSE. The scrip opened at Rs. 43.55 and has touched a high and low of Rs. 44.82 and Rs. 42.05 respectively. So far 2904273 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.00 on 04-Oct-2023 and a 52 week low of Rs. 20.87 on 28-Mar-2023. Last one week high and low of the scrip stood a...
Indian Overseas Bank jumps on partnering with IREDA
Indian Overseas Bank jumps on partnering with IREDA
Source: Accord Fintech
2024-01-18 03:24:10 pm
IREDA ropes in Indian Overseas Bank for co-lending to green projects The Indian Renewable Energy Development Agency Ltd. (IREDA) has signed a Memorandum of Understanding (MoU) with the Indian Overseas Bank for co-lending and loan syndication in financing renewable energy projects across the nation, the Ministry for New and Renewable Energy announced on Thursday. The partnership aims to streamline loan syndication and underwriting processes, management of trust and retention account (TRA) for IREDA borrowers, and work towards fixed interest rates over a 3 to...
IREDA ropes in Indian Overseas Bank for co-lending to green projects
IREDA ropes in Indian Overseas Bank for co-lending to green projects
Source: IANS
2024-01-18 12:50:01 pm
IREDA shines on signing MoU with Indian Overseas Bank for Co-Lending Indian Renewable Energy Development Agency is currently trading at Rs. 123.35, up by 3.85 points or 3.22% from its previous closing of Rs. 119.50 on the BSE. The scrip opened at Rs. 118.25 and has touched a high and low of Rs. 125.55 and Rs. 113.95 respectively. So far 7548735 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.50 on 16-Jan-2024 and a 52 week low of Rs. 49.99 on 29-Nov-2023. Last one week high ...
IREDA shines on signing MoU with Indian Overseas Bank for Co-Lending
IREDA shines on signing MoU with Indian Overseas Bank for Co-Lending
Source: Accord Fintech
2024-01-17 11:16:15 am
IREDA touches roof on launching retail division 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. Las...
IREDA touches roof on launching retail division
IREDA touches roof on launching retail division
Source: Accord Fintech
2023-12-11 01:54:08 pm
Indian Renewable Energy Development Agency Limited IPO makes a remarkable debut on the exchange; lists at 56% premium Shares of Indian Renewable Energy Development Agency Limited made a remarkable debut on the exchange listing at a 56% premium. The scrip listed Rs 50 per share on BSE and NSE respectively, at a premium of 56.25%. The company's share price closed at Rs 59.99 per share on the BSE, a 87.47% premium, and at Rs 60 per share on the NSE, a 87.50% premium. As per NSE, the total quantity traded stood at 5798.10 lakh shares, on BSE the total Quantity stood at 381.55 lakh shares. Total Tu...
Indian Renewable Energy Development Agency Limited IPO makes a remarkable debut on the exchange; lists at 56% premium
Indian Renewable Energy Development Agency Limited IPO makes a remarkable debut on the exchange; lists at 56% premium
Source: PR Agency
2023-11-29 05:44:09 pm
Coming week`s market report By Arvinder Singh Nanda, Master Capital Services Ltd Below the upcoming week's market report By Arvinder Singh Nanda, Vice President of Master Capital Services Ltd Benchmark indices continued to rally and rose for the 4th consecutive week. All sectoral indices ended in green weekly basis except IT, PSU Bank, and FMCG. The realty sector gained the most among the sectors.   The week was about IPOs with more than five companies -Tata Technologies, Flair Writing, Fedbank Financials, Gandhar Oil Refinery, a...
Coming week`s market report By Arvinder Singh Nanda, Master Capital Services Ltd
Coming week`s market report By Arvinder Singh Nanda, Master Capital Services Ltd
Source: PR Agency
2023-11-26 11:11:27 am
Indian Renewable Energy Development Agency IPO subscribed 39 times on Final Day The Initial Public Offering of Indian Renewable Energy Development Agency Limited was subscribed 38.80 times on the final day of bidding with QIB leading from the front The issue received bids of 18,27,25,26,640 shares against the offered 47,09,21,451 equity shares, at a price band of ?30-32, according to the data available on the stock exchanges Qualified Institutional Buyer Portion was subscribed 104.57 times, Non-Institutional Investors Portion subscribed 24....
Indian Renewable Energy Development Agency IPO subscribed 39 times on Final Day
Indian Renewable Energy Development Agency IPO subscribed 39 times on Final Day
Source: PR Agency
2023-11-23 06:01:54 pm
IPO NOTE : Indian Renewable Energy Development Agency By Motilal Oswal Financial Services India’s largest pure-play green financing NBFC: IREDA is a wholly owned GoI enterprise with over 36 years of experience in extending green financial assistance. It offers comprehensive suite of financial products for Renewable Energy projects (RE; sectors like Solar, Hydro, Wind, Ethanol, etc), & emerging technologies (EV, Green Hydrogen, Fuel Cells, etc). As of 2QFY24, its O/s loan portfolio stands at ? 475bn. High Asset Quality: IREDA’s portfolio reflects high asset quali...
IPO NOTE : Indian Renewable Energy Development Agency By Motilal Oswal Financial Services
IPO NOTE : Indian Renewable Energy Development Agency By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-21 05:07:14 pm
IPO NOTE : Indian Renewable Energy Development Agency Ltd By Choice Broking Salient features of the IPO: • Indian Renewable Energy Development Agency Ltd. (IREDA) an infrastructure finance company, which provides financial assistance to renewable energy (RE) projects and energy efficiency & conservation (EEC) projects, is coming up with an IPO to raise around Rs. 2,150cr, which opens on 21st Nov. and closes on 23rd Nov. 2023. The price band is Rs. 30 - 32 per share. • The IPO is a combination of fresh and OFS issue. The company will not receive an...
IPO NOTE : Indian Renewable Energy Development Agency Ltd By Choice Broking
IPO NOTE : Indian Renewable Energy Development Agency Ltd By Choice Broking
Source: Choice Broking
2023-11-21 04:40:43 pm
IPO NOTE : Indian Renewable Energy Development Agency Ltd By Geojit Financial Services The front runner in renewable energy financing KEY CHANGES: TARGET ….. Indian Renewable Energy Development Agency Ltd. (IREDA), a government owned NBFC with 36 years of experience, promotes and finances new and renewable energy projects, along with energy efficiency and conservation initiatives. As a Systemically Important NBFC, IREDA offers a range of financial products and services, spanning project conception to post-commissioning, covering various value chain activities includin...
IPO NOTE : Indian Renewable Energy Development Agency Ltd By Geojit Financial Services
IPO NOTE : Indian Renewable Energy Development Agency Ltd By Geojit Financial Services
Source: Geojit Financial Services Ltd
2023-11-21 10:46:18 am
Indian Renewable Energy Development Agency Limited`s Initial Public Offering to open on Tuesday, November 21, 2023, sets price band at Rs.30 to Rs.32 per Equity Share Indian Renewable Energy Development Agency Limited, a Government of India (“GoI”) enterprise notified as a “Public Financial Institution” (“PFI”) registered as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFCND-SI”), with Infrastructure Finance Company (“IFC”) status, has fixed the price band at ?30 to ?32 per Equity Share for its maiden initial public offer.  The Initial ...
Indian Renewable Energy Development Agency Limited`s Initial Public Offering to open on Tuesday, November 21, 2023, sets price band at Rs.30 to Rs.32 per Equity Share
Indian Renewable Energy Development Agency Limited`s Initial Public Offering to open on Tuesday, November 21, 2023, sets price band at Rs.30 to Rs.32 per Equity Share
Source: PR Agency
2023-11-16 05:59:38 pm
IREDA clocks 54% jump in net profit for July-September quarter Government-owned mini-ratna company, the Indian Renewable Energy Development Agency (IREDA), on Monday announced a 54% jump in net profit to Rs 284.7 crore for the July-September quarter of the current financial year compared to the corresponding figure of Rs 184.3 crore in the same quarter of the previous year."This has been driven by consistent growth in the Loan Book and a significant reduction in Net Non-Performing Assets (NPAs) from 2.72 per cent to 1.65 per cent year-on-year,? IREDA Cha...
IREDA clocks 54% jump in net profit for July-September quarter
IREDA clocks 54% jump in net profit for July-September quarter
Source: IANS
2023-10-24 09:47:06 am