Today, on March 26th 2025, the Indian Renewable Energy Development Agency or IREDA Share Price is under focus as the company nods yes to borrowing 30,800 crores for FY 26. IREDA’s plans aim to amplify renewable energy projects in the country and help India reach its Green Energy targets.
IREDA also plans to sign off green bonds (bonds meant for green projects), secure loans from across country borders, and multiply its loan channels. These strategies expand the company’s presence and invite international investors and companies, along with domestic ones.
Last week, IREDA has declared its first ever “perpetual bond” issue. This is because the company wants to raise Rs 1,247 crore. The bond has an annual coupon rate of 8.4%.
IREDA Share Price in Today’s Market
Today, IREDA’s shares opened to the market at Rs. 170.00 and are currently down by 0.95% compared to the previous session’s close of 169.95. At 10:45 a.m., the agency’s share price was Rs. 168.21, nearly 1.02% lower than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 45,210 cores; the UC Limit is 186.94, and the LC Limit is 152.95.
Company Financials
IREDA’s third-quarter financial statements recorded a 35.57% surge in revenues from operations, reaching Rs. 1,698.99 crores, and Profit After Tax increased by 26.8% to Rs. 425.37 crores, against the Rs. 335.54 crores in Q3 of the last year. The agency’s net worth grew by 20.99%- Rs. 9,842.07 crore, compared to Rs. 8,134.56 crore in the last third quarter.
Recent News About IREDA
- At Make In Odisha Conclave, Chairman and Managing Director Pradip Kumar Das emphasizes that IREDA is determined to help India’s target of installing 500 GW capacity of non-fossil fuel by 2030.
- In February 2025, IREDA’s shareholders approved a raising up to Rs. 5,000 crore through a Qualified Institutions Placement (QIP)
IREDA Share Price Target
As per Trendlyne’s experts, Indian Renewable Energy Development Agency Ltd. has an average target of 280. The consensus speculated an upside of 66.26% from the last price of 168.41
Should You Buy, Sell, Or Hold?
Analysts strongly recommend buying IREDA’s shares. But, before investing in the company, consider its long-term performance and consult your analyst to make the perfect move.
