Does Ireda deserve a green light for investing?
2 days, 10 hours ago

Does Ireda deserve a green light for investing?

Live Mint  

The Indian Renewable Energy Development Agency Ltd stock fell by almost 7% after it announced the December quarter results. Though the net profit grew by 27% year-on-year to ₹425 crore, the drop in provision coverage ratio, both sequential and year-on-year, spooked investors. As Ireda’s provision coverage ratio has declined, there is a possibility that it might have to make higher provisions in future unless the management is confident of recovering bad loans. Even though lending to ethanol and manufacturing segments showed robust growth on a low base, a closer look at the loan book shows that the highest absolute rise came in loan facilities to state utilities that rose to ₹12,512 crore from ₹7,464 crore in Q3FY24. Also, even if Ireda’s growth rate in loan book might be higher, other companies like Power Finance Corp. that do all kinds of financing of power projects are trading at much lower valuation of about 1.1x of core book value based on September 2026 estimate of Motilal Oswal Financial Services, without factoring in value of the stake in REC.

Loan Value Book Provision Ratio Npa Rec Loan Book Provision Coverage Ratio Ireda Deserve  green  stock  value  ireda  deserve  lending  yearonyear  investing  does  provision  npa  ratio  light  loan  crore  book

History of this topic

IREDA Q3 results: Net profits rise 27% YoY to ₹425.35 crore; revenue up 37%
5 days, 19 hours ago

IREDA Q3 results: Net profits rise 27% YoY to ₹425.35 crore; revenue up 37%

Live Mint  

IREDA Q3 results: The Indian Renewable Energy Development Agency announced its October to December quarter results on Thursday, January 9. The state-owned company's net profits rose 27 per cent to ₹425.38 crore in the third quarter of the financial year 2024-25, compared to ₹335.53 crore in the same quarter of the previous year. The revenue from operations rose 37 per …

Multibagger stock IREDA share price jumps 6% post business updates; loan book sees 36% growth
2 weeks ago

Multibagger stock IREDA share price jumps 6% post business updates; loan book sees 36% growth

Live Mint  

Stock Market Today: Multibagger stock Indian Renewable Energy Development Agency share price gained nearly 6% on Wednesday, January 1 post provisional business updates. The company reported loan book growth of 36% till December 2024. Business Update IREDA reported provisional business performance up to December 31, 2024, on the exchanges, subject to audit, after market hours on Tuesday. Stock Price Impact …

IREDA share price: Multibagger stock jumps 8% today. Here's why
2 weeks ago

IREDA share price: Multibagger stock jumps 8% today. Here's why

India Today  

Shares of Indian Renewable Energy Development Agency rose on January 1, 2025, following major business updates. IREDA’s share price touched an intraday high of Rs 227.65 on the National Stock Exchange, marking a 5.76% increase from its previous close. According to provisional figures shared by the company, IREDA disbursed loans worth Rs 17,236 crore in the December quarter, up from …

IREDA Shares Rise Over 4% On DIPAM Approval For Rs 4,500 Crore QIP
3 months, 3 weeks ago

IREDA Shares Rise Over 4% On DIPAM Approval For Rs 4,500 Crore QIP

News 18  

Shares of the Indian Renewable Energy Development Agency jumped 4.4 per cent on the BSE today, reaching a high of Rs 237.50 after the company announced it received approval from the Union government to raise Rs 4,500 crore through a Qualified Institutions Placement of fresh equity. The fundraise, approved by the Alternative Mechanism based on recommendations from a High-Level Committee, …

IREDA share price jumps over 4% after DIPAM nod to raise ₹4,500 crore via QIP
3 months, 3 weeks ago

IREDA share price jumps over 4% after DIPAM nod to raise ₹4,500 crore via QIP

Live Mint  

IREDA share price jumped over 4% in early trade on Thursday after the company received government approval for raising ₹4,500 crore through fresh equity issue. The Department of Investment and Public Asset Management gave its approval to Indian Renewable Energy Development Agency on September 18 to raise up to ₹4500 crore in fresh equity issue through a Qualified Institutional Placement. …

IREDA chairman expects to open IFSC unit in 2-3 months, to raise Rs 24,000 crore debt capital this fiscal
4 months ago

IREDA chairman expects to open IFSC unit in 2-3 months, to raise Rs 24,000 crore debt capital this fiscal

New Indian Express  

MUMBAI: The Indian Renewable Energy Development Agency will be opening its IFSC unit shortly that will help the green-energy-focused public sector financier mop up funds at much cheaper rates and thus lower its loan prices, a top official has said. “We hope to get permission to open a unit in Gift City at the International Financial Services Centre in Gandhinagar …

Ireda plans to raise Rs 4.5K crore in equity capital
4 months, 2 weeks ago

Ireda plans to raise Rs 4.5K crore in equity capital

New Indian Express  

MUMBAI: The Indian Renewable Energy Development Agency, a public sector non-bank leader focused on financing green energy projects, has announced plans to raise Rs 4,500 crore in equity capital. The funds will be raised through a follow-on public offer, qualified institutional placement, rights issue, preferential issue, or other permitted modes, as decided by the board in a meeting on Friday. …

IREDA stock price snaps 3-day losing streak, gains nearly 7%; up 760% from IPO price
5 months, 3 weeks ago

IREDA stock price snaps 3-day losing streak, gains nearly 7%; up 760% from IPO price

Live Mint  

IREDA, India’s leading green financing NBFC, saw its share price rise by nearly 7% in today's intraday trade, reaching ₹275 per share and breaking a three-day losing streak. In recent sessions, the shares came under sell-off pressure, mainly attributed to profit-taking and a downgrade in estimates by global brokerage firm, Phillip Capital, following IREDA’s Q1 FY25 earnings report. Phillip Capital …

REC Ltd avails green loan worth $200 mn from Deutsche Bank AG
6 months ago

REC Ltd avails green loan worth $200 mn from Deutsche Bank AG

Live Mint  

New Delhi: State-run REC Ltd has availed a $200-million loan from Deutsche Bank AG to finance green projects in India. Vivek Kumar Dewangan, CMD, REC said: “This successful transaction is in line with REC’s commitment to enhance its green energy financing and sustainable projects capabilities as well as the global community’s support for sustainable development projects in India. This benchmark …

IREDA shares up 12% after 'Navratna' status, stock up 5x from IPO price
8 months, 2 weeks ago

IREDA shares up 12% after 'Navratna' status, stock up 5x from IPO price

Hindustan Times  

IREDA share price today: The share price of Indian Renewable Energy Development Agency rose over 10% today after the PSU company was granted ‘Navratna status' from the department of public enterprises. IREDA share price today: IREDA share price opened at ₹ 186.20 apiece on the BSE on April 29. IREDA Q4 results IREDA reported a 33% rise in net profit …

IREDA shares jump over 11% after company logs highest-ever net profit in FY24
8 months, 3 weeks ago

IREDA shares jump over 11% after company logs highest-ever net profit in FY24

Live Mint  

IREDA, the nation's largest pure-play green financing NBFC, witnessed an 11.40% surge in its share price during today's early morning trading session, reaching ₹179 apiece. On Friday, post-market hours, the company released its FY24 financial results, achieving an all-time high annual profit after tax of ₹1252.23 crore, marking an impressive growth of 44.83% over the previous fiscal year 2022–23. Additionally, …

IREDA logs highest-ever loan sanctions, disbursements in FY 23-24
9 months, 1 week ago

IREDA logs highest-ever loan sanctions, disbursements in FY 23-24

New Indian Express  

NEW DELHI: State-owned Indian Renewable Energy Development Agency on Tuesday said that it has recorded its highest-ever annual loan sanctions and disbursements in fiscal 2023-24. The annual loan sanctions grew 14.63 per cent to Rs 37,354 crore in 2023-24 from Rs 32,587 crore in 2022-23. Pradip Kumar Das, Chairman and Managing Director of IREDA, said, "IREDA's record loan sanctions and …

IREDA and PNB join hands to co-finance green energy projects
10 months, 3 weeks ago

IREDA and PNB join hands to co-finance green energy projects

New Indian Express  

NEW DELHI: In a major boost to renewable energy financing in India, Indian Renewable Energy Development Agency Ltd. has signed a Memorandum of Understanding with Punjab National Bank for co-lending and loan syndication of renewable energy projects across the country. Through this strategic partnership, IREDA and PNB will jointly provide financial assistance for various renewable energy projects including solar, wind, …

India needs ₹30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief
11 months ago

India needs ₹30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief

Hindustan Times  

India has set the target of having 50 per cent of its power generation capacity from non-fossil fuel sources. HT Image The investments would be required in manufacturing of capacity for solar, electrolysers, wind and battery, transmission, green hydrogen, solar, hydro, wind, and waste to energy sectors, said Pradip Kumar Das, CMD of Indian Renewable Energy Development Agency, at a …

IREDA Hits 20% Upper Circuit Today; Stock Up 166% From IPO Price In 11 Days
1 year, 1 month ago

IREDA Hits 20% Upper Circuit Today; Stock Up 166% From IPO Price In 11 Days

News 18  

Shares of Indian Renewable Energy Development Agency shares surged 20 per cent to hit the upper circuit at Rs 85 on the National Stock Exchange after the company announced the launch of its retail division. It may be noted that IREDA’s current stock price has soared by 166 per cent from its issue price of Rs 32 per share since …

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