Indian Renewable Energy Development Agency Ltd

IREDA Share Price

Indian Renewable Energy Development Agency Ltd (IREDA) is a leading institution in India’s green financing sector. Established as a fully owned Government of India enterprise, IREDA operates under the Ministry of New and Renewable Energy (MNRE). It is recognized as a public financial institution and registered as a non-deposit Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI). IREDA is dedicated to advancing renewable energy and enhancing energy efficiency through financial support and strategic funding. The Indian Renewable Energy Development Agency share price can be monitored on the National Stock Exchange (NSE) for up-to-date trading information.

History of Indian Renewable Energy Development Agency Limited

IREDA was founded to promote, develop, and commercialize renewable energy sources and to support energy efficiency and conservation projects. In June 2015, the Government of India granted IREDA the status of Mini Ratna under Category I, acknowledging its critical role in the renewable energy sector. This status reflects IREDA's significant contributions and operational autonomy in financing renewable energy initiatives. The current Indian Renewable Energy Development Agency Ltd share price reflects the company's focus on financing renewable energy projects across India.

Additionally, the RBI classified IREDA as an “Infrastructure Finance Company,” underscoring its pivotal role in financing large-scale infrastructure projects related to renewable energy. This classification highlights IREDA’s importance in providing financial solutions for infrastructure development that supports the country’s renewable energy goals.

Business Segments of Indian Renewable Energy Development Agency Ltd

IREDA’s core business revolves around providing comprehensive financial products and services for Renewable Energy (RE) projects. It supports the entire project lifecycle, from initial conceptualization and financing to post-commissioning. The company also engages in various value chain activities including equipment manufacturing and transmission, ensuring a holistic approach to green financing. The Indian Renewable Energy Development Agency Limited share price (IREDA) fluctuates based on market trends, reflecting the company's role in financing renewable energy projects in India. You can stay updated with the IREDA share price with BlinkX.

IREDA’s financing portfolio covers a broad spectrum of renewable energy sectors:

• Solar Power: Supporting the development and implementation of solar energy projects.
• Wind Power: Financing wind energy initiatives for sustainable power generation.
• Hydropower: Investing in hydropower projects to harness water resources for energy.
• Biomass: Including bagasse and industrial co-generation projects that utilize organic materials.
• Waste-to-Energy: Contributing to projects that convert waste materials into energy.
• Ethanol and Compressed Biogas: Supporting alternative fuels and biogas initiatives.
• Hybrid Renewable Energy Systems: Financing projects that combine multiple renewable sources.
• Energy Efficiency and Conservation (EEC): Providing financial support for energy-saving measures.
• Green Mobility: Investing in sustainable transportation solutions.

Financial Performance of IREDA Stock

• The Indian Renewable Energy Development Agency (IREDA) net profit was at
• ₹383.69 crore for the June quarter, up more than 30%.
• Revenue from operations climbed to ₹1,501.71 crore in the current quarter from ₹1,143.50 crore in the previous year.
• The loan sanction also jumped to ₹9,210.22 crore in the first quarter of the fiscal from ₹1,892.45 crore the previous year.
• Loan disbursements grew to ₹5,325.88 crore in the period, up from ₹3,173.27 crore in the previous quarter.
• The loan book also climbed to ₹63,206.78 cr, up from ₹47,206.66 cr the previous year.

Key Personnels at Indian Renewable Energy Development Agency

• Mr. Pradip Kumar Das serves as the Chairman and Managing Director of IREDA.
• The position of Director (Projects) is currently vacant and is being managed by Dr. Bijay Kumar Mohanty, who also holds the role of Director (Finance) & CFO.
• Dr. Bijay Kumar Mohanty is the Director (Finance) & CFO.
• Mr. Ajay Yadav is a Part-Time Director (Government Nominee).
• Mr. Padam Lal Negi is a Part-Time Director (Government Nominee).
• Mr. Shabdsharan N. Brahmbhatt is the Lead Independent Director among the Part-Time Non-Official Directors.
• Dr. Jaganath Chennakeshava Murthy Jodidhar is an Independent Director.
• Mr. Ram Nihal Nishad is an Independent Director.
• Mr. Rohini Rawat is an Independent Director.
• Ms. Ekta Madan serves as the Company Secretary.