On December 31, 2024, the Indian Renewable Energy Development Agency’s share price traded 2.11% lower at ₹213.87 at 11:15 AM on the NSE. The stock opened at ₹215.75 against 218.47 at the previous close.
Over the past week, the share price of IREDA has experienced fluctuations, with a notable surge in its share price on December 30, 2024, rising by 10.93% to ₹218.47. This followed a decline on December 27, when the price dropped by 1.12%, closing at ₹196.94.
As per news reports, the Indian Renewable Energy Development Agency Limited (IREDA) has approved funding of more than ₹3,000 crore for green energy initiatives across Odisha. These projects encompass solar, hydro, ethanol, and renewable energy manufacturing sectors.
IREDA’s Chairman and Managing Director, Pradip Kumar Das, shared this update while speaking at the Odisha Solar Investor Conclave, an event organised by GRIDCO and iFOREST (International Forum for Environment Sustainability and Technology).
In Q2FY25, the Indian Renewable Energy Development Agency (IREDA) reported a significant 36% growth in its net profit, reaching ₹387.75 crore compared to ₹284.73 crore in Q2FY24.
The company’s total revenue from operations surged by 38.52%, amounting to ₹1,630.38 crore, up from ₹1,176.96 crore in the same quarter last year. This robust performance highlights IREDA’s strong financial position, driven by an increase in loan sanctions and disbursements, reflecting its growing role in supporting India’s renewable energy sector.
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