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Indian Renewable Energy Development Agency Ltd. ( (IN:IREDA) ) just unveiled an update.
IREDA has launched its first-ever issue of Perpetual Bonds, raising ₹1,247 crores at an annual coupon rate of 8.40%, to strengthen its Tier-I capital and support the expansion of India’s renewable energy infrastructure. Additionally, IREDA received a ₹24.48 crore tax refund from the Income Tax Department, with further refunds of approximately ₹195 crores pending, marking a significant financial boost for the company.
More about Indian Renewable Energy Development Agency Ltd.
Indian Renewable Energy Development Agency Limited (IREDA) operates in the renewable energy sector, focusing on financing and promoting renewable energy projects across India. The company plays a significant role in supporting the expansion of India’s green energy infrastructure.
YTD Price Performance: -34.17%
Average Trading Volume: 1,391,894
Current Market Cap: 392.4B INR
Find detailed analytics on IREDA stock on TipRanks’ Stock Analysis page.