IREDA raises ₹2,005.90 crore via QIP to boost green energy financing

June 11, 2025 5:01 PM

IREDA raises ₹2,005.90 crore via QIP to boost green energy financing

The Indian Renewable Energy Development Agency (IREDA) has successfully raised ₹2,005.90 crore through a Qualified Institutional Placement (QIP), aimed at strengthening its green financing capacity. The funds were mobilised by issuing 12.15 crore equity shares at ₹165.14 per share, including a premium of ₹155.14 over the face value of ₹10. The QIP issue was launched on June 5 and closed on June 10. The issue price represented a 5 per cent discount on the floor price of ₹173.83. The Bo...

IREDA reports 49% surge in Q4 net profit, reaches ₹502 crore

April 15, 2025 7:31 PM

IREDA reports 49% surge in Q4 net profit, reaches ₹502 crore

The Indian Renewable Energy Development Agency Ltd. (IREDA) has reported a robust 49% increase in its net profit, reaching ₹502 crore for the January-March quarter of financial year 2024-25, compared to ₹337 crore in the same quarter of the previous fiscal year.   India’s leading green financing non-banking financial company (NBFC) also posted a revenue of ₹1,392 crore for the fourth quarter, marking a 37.7% rise from ₹1,011 crore in Q4 of FY 2023-24.   During the quarter, IREDA ...

IREDA records 26.8% jump in Q3 net profit at Rs 425.37 crore

January 10, 2025 1:03 PM

IREDA records 26.8% jump in Q3 net profit at Rs 425.37 crore

Indian Renewable Energy Development Agency Ltd. (IREDA) has announced a 26.8% jump in net profit to Rs 425.37 crore for the October-December quarter of the current financial year, compared to Rs 335.54 crore in the same quarter of the previous year. The country's largest pure-play green financing company recorded revenue of Rs 1,698.99 crore during the third quarter, representing a 35.57% increase compared to Rs 1,253.20 crore in Q3 FY 2023-24. IREDA's loan sanctions for the third quarter surg...