Stock Market Today: Share price of multibagger Indian Renewable Energy Development Agency remains in focus today after provisional business update. The company reported 36% growth in loan book by December 2025, according to its business update
The provisional business performance till December 31, 2024 on the exchanges subject to audit was reported by IREDA after market opening on Tuesday.
According to IREDA, how much worth of loans has it approved? 31,087 crore by December 2024. Loans sanctioned by IREDA recorded a growth of 129% Loans worth Rs 13,558 crore were sanctioned during the same period during 2023.
Loan distribution remained the same till 31 December 2024 17,236 crore as per IREDA update. This marked an increase of 41% compared to the previous year. How much loan was distributed by IREDA 12,220 crore by 31 December 2023.
As per IREDA the loan book was outstanding at the end of December 31, 2024 69,000 crores. This loan book outstanding of IREDA was up 36% year on year. The outstanding loan book ended at the end of December 31, 2023 50,580.
IREDA’s share price ended at It closed 1.47% lower at 215.15 on Tuesday, a day when benchmark indices also closed lower. IREDA share price had fallen from 1 year or 52 week low 100.40 1 year or 52 week high in March 2024 310 views in July 2024. However, the IREDA share price has declined significantly from its all-time high as the broader markets remain under pressure amid widespread selling by foreign institutional investors and other factors. However IREDA’s share price has surged 105% in 2024, giving multibagger returns to investors.
IREDA share price that was listed on exchanges after IPO with IPO price band in 2023 30-32, has been a significant wealth creator for investors.
Indian public sector company IREDA provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency/conservation. IREDA, established in 1987, is a Navratna company under the Ministry of New and Renewable Energy (MNRE).
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before taking any investment decision.
