Indian Renewable Energy Development Agency Ltd

(IREDA)

Government Approves Fund-Raising Mechanism for IREDA - 19 Sep, 2024

The Government of India has approved an alternative mechanism for the Indian Renewable Energy Development Agency Ltd (IREDA) to raise funds through Qualified Institutions Placement (QIP).

IREDA Receives Approval for ₹4,500 Crore QIP Fundraise - 18 Sep, 2024

The Indian Renewable Energy Development Agency (IREDA) has received government approval to raise up to ₹4,500 crore through a Qualified Institutional Placement (QIP), resulting in a 7% stake dilution. This funding aims to enhance IREDA's capital base for renewable energy financing.

IREDA Seeks Approval for Stake Sale to Fund Growth - 17 Sep, 2024

IREDA anticipates government approval to sell up to 10% stake, aiming to raise Rs 4,500 crore for expansion. The agency plans significant investments in renewable energy by 2030.

IREDA Stock Faces Resistance After Recent Rally - 13 Sep, 2024

IREDA is currently trading at Rs 232, down 25% from its all-time highs. The stock has minor support at Rs 225, with a potential breakout above Rs 240 attracting buying interest. Traders are advised to consider long positions with a stop loss near Rs 215, targeting Rs 265 to Rs 280, but this strategy may be negated if the stock falls below Rs 225.

IREDA Subsidiary Gains Registration, Stock Surges - 11 Sep, 2024

IREDA's subsidiary received provisional registration from IFSCA to operate in GIFT City, boosting investor confidence and leading to a notable rise in stock price. Additionally, an MoU for a hydro-electric project in Nepal further supported the stock's positive momentum.

IREDA Shares Surge After Hydro Project Announcement - 10 Sep, 2024

Shares of IREDA jumped nearly 7% following the signing of an MOU for the 900 MW Upper Karnali hydroelectric project in Nepal, enhancing regional energy security. The company also reported a significant profit increase and secured provisional registration for its new finance subsidiary.

IREDA Reports Profit Growth Amid Stake Dilution Plans - 09 Sep, 2024

IREDA's Q1 FY25 profit rose 30% to Rs 384 crore, while the government plans a 10% stake dilution. IREDA signed MoUs for the 900 MW Upper Karnali hydro project in Nepal, enhancing regional energy security.

IREDA Shares Decline but Long-Term Outlook Remains Positive - 06 Sep, 2024

IREDA shares fell over 3% to Rs 226.27, down 27% from their all-time high. Despite this, management's robust strategy and government support suggest potential for recovery. Investors are advised to consider increasing their investment if prices approach Rs 200 or Rs 220.

IREDA Stock Faces Potential Downturn Amid Analyst Concerns - 05 Sep, 2024

IREDA shares traded flat with a slight increase, but analysts express concerns about a potential drop to ₹190 if it falls below ₹230. Despite a recent rally, PhillipCapital has a Sell rating with a ₹130 target, while ICICI Direct maintains a Buy rating at ₹330. The stock has surged nearly 300% over the past year.

IREDA Stock Shows Long-Term Growth Potential - 04 Sep, 2024

S&P Global Ratings assigned IREDA a BBB- rating, enhancing its funding prospects. Experts recommend holding IREDA stock for 10 years, citing strong growth and expansion plans. Despite recent negative returns, the stock is up 128.62% YTD and has a 52-week high of Rs 310.

IREDA Plans Significant Fundraising for Renewable Projects - 03 Sep, 2024

The Indian Renewable Energy Development Agency (IREDA) plans to raise ₹25,000 crore through debt and ₹4,500 crore through equity this fiscal year, while seeking government approval for stake dilution and bond eligibility.

IREDA Plans Stake Dilution for Fundraising - 02 Sep, 2024

The Indian Renewable Energy Development Agency (IREDA) seeks government approval to dilute 10% of its stake, aiming to raise ₹4,500 crore for growth. With a BBB- credit rating, IREDA plans to tap international markets to reduce borrowing costs.

IREDA Board Approves Rs 4,500 Crore Fundraising - 30 Aug, 2024

The Indian Renewable Energy Development Agency Ltd (IREDA) announced a plan to raise Rs 4,500 crore in equity capital through multiple methods. The stock has shown strong performance since its IPO, with significant growth in net profit and market capitalization.

IREDA Receives Ratings and Approves Fundraising Plan - 29 Aug, 2024

S&P Global Ratings assigned IREDA a stable outlook with BBB- and A-3 ratings. The board approved raising Rs 4,500 crore for renewable energy projects.

IREDA Plans Fundraising and Collaborates with BHEL - 28 Aug, 2024

IREDA is set to raise ₹4,500 crore to support renewable energy expansion and is exploring collaboration with BHEL to meet India's 500 GW target by 2030.

IREDA Stakeholders Meet Focuses on Renewable Energy Goals - 24 Aug, 2024

During its 17th Stakeholders Meet, IREDA emphasized its commitment to maintaining asset quality and achieving the national target of 500 GW of renewable energy by 2030. Discussions included funding strategies and customer feedback to enhance business processes.

IREDA Plans Major Fundraise, Stock Surges Over 10% - 23 Aug, 2024

Indian Renewable Energy Development Agency Ltd (IREDA) announced plans for a Rs 4,500 crore fundraise, leading to a significant surge in its stock price. The stock rose over 10% on August 23, 2024, as the board prepares to discuss the proposal. Analysts expect further upward movement in the stock price.

IREDA Plans Major Fundraising, Shares Surge - 22 Aug, 2024

Shares of IREDA surged over 8% as the company announced plans to raise up to Rs 4,500 crore through various funding methods, with significant gains since its IPO.

IREDA Plans Major Fundraise for Renewable Energy - 21 Aug, 2024

The Indian Renewable Energy Development Agency (IREDA) aims to raise ₹4,500 crore through various fundraising methods to support India's renewable energy targets. A board meeting is scheduled for August 29 to discuss this proposal.