On April 1, 2025, IREDA share prices fell over 1%, reaching a day low of 158.50 at 11:50 AM after opening at 160.25. The drop in IREDA share price came after the company released its business update for the January- March period on March 31.
As per the exchange filing, IREDA posted a 27% growth in its loans sanctioned during the quarter to ₹47,453 crore against ₹37,354 crore that were sanctioned at the end of the same quarter last year. Loan disbursements also saw a 20% year-on-year rise, totaling ₹30,168 crore. The company’s outstanding loan book at the end of the quarter stood at ₹76,250 crore, reflecting a 28% growth from ₹59,968 crore in the corresponding quarter of the previous year.
On March 27, 2025, IREDA entered into a facility agreement and secured ¥26 billion through External Commercial Borrowing (ECB) from the Tokyo branch of the State Bank of India to support renewable energy projects in India. The agreement also includes a green shoe option of ¥10 billion. The loan will be unsecured and have a tenure of 5 years. Additionally, the company has approved a borrowing plan of ₹30,800 crore for the financial year 2026.
IREDA has raised ₹910.37 crore by issuing Privately Placed Subordinated Tier-II Bonds with a 10-year tenure and an annual coupon rate of 7.74%. The issuance of these Tier-II Bonds is aimed at leveraging current market liquidity to support the company’s borrowing plan. The funds raised will boost IREDA’s Tier-II capital, enhance its net worth, and improve its Capital to Risk-Weighted Assets Ratio (CRAR), thereby strengthening its capacity to finance the country’s clean energy transition.
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Published on: Apr 1, 2025, 12:31 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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