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Hot Pursuit
22-Mar-24
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IREDA hits the roof after board to mull fund raising proposal
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Indian Renewable Energy Development Agency (IREDA) locked in upper circuit of 5% to Rs 138.65 after the firm’s board will meet on Thursday, 28 March 2024 to consider raising Rs 24,200 crore through borrowing program for financial year 2024-2025.
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“The meeting will be held on Thursday, March 28,2024, inter-alia, to consider the matter with respect to borrowing programme up to Rs 24,200 crore for FY2024-25 (borrowing includes fund raising through issuance of bonds, term loans, commercial papers etc, from domestic & international markets),” IREDA said in the press release.
IREDA is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). It is also conferred with the Mini Ratna (Category-I) status. As on December 2023, GoI held 75% stake in IREDA
IREDA's net profit surged 67.14% to Rs 335.54 crore on 44.2% increase in total income to Rs 1253.20 crore in Q3 December 2023 over Q3 December 2022. Profit before tax soared 64.5% YoY to Rs 386.14 crore in Q3 December 2023.
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Previous News |
IREDA hits the roof after board to mull fund raising proposal
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22-Mar-24
12:09
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Indian Renewable Energy Deve. Agency to conduct board meeting
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Results
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Announcements
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