IREDA board OKs fund raising upto Rs 4,500 crore

The issue will be done in one or more tranches and is subject to the approval from the Government of India and other statutory/regulatory approvals.

Indian Renewable Energy Development Agency (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 30th June 2024, GoI held 75% stake in IREDA.

The company's consolidated net profit jumped 30% to Rs 383.69 crore in Q1 FY25 as compared with Rs 294.58 crore in Q1 FY24. Revenue from operations increased 32% YoY to Rs 1510.28 crore in Q1 FY25.

The scrip ended 0.24% higher at Rs 254.55 on the BSE.