Ireda Board To Meet Today To Finalise Borrowing Plan For FY26
Ireda informed about the board meeting on March 20 as it put out a notice with the exchanges.
The Indian Renewable Energy Development Agency Ltd. is set to convene its board meeting on Tuesday, to discuss and approve its borrowing plan for financial year 2026.
The meeting, scheduled for Tuesday, March 25, 2025, will focus on finalising the borrowing strategy to support the company's growth initiatives in the renewable energy sector.
The company informed about the board meeting on March 20, as it put out a notice with the exchanges.
Ireda focuses on promoting sustainable energy solutions in India. The company provides financial assistance to renewable energy projects, including solar, wind, hydro, and biomass.
The borrowing plan, once approved, will enable Ireda to raise necessary funds to support its lending activities and contribute to the growth of the renewable energy sector in India.
The company was established on March 11, 1987, as a public sector undertaking under the Ministry of New and Renewable Energy.
Ireda Share Price Today
Shares of Ireda rose as much as 3.96% to Rs 176.77 apiece. It pared gains to trade 1.07% higher at Rs 171.86 apiece, as of 10:36 a.m. This compares to a 0.28% advance in the NSE Nifty 50.
The stock has risen 22.10% in the last 12 months. Total traded volume so far in the day stood at 6.2 times its 30-day average. The relative strength index was at 59.
Out of two analysts tracking the company, one maintains a 'buy' rating and the other suggests a 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 15.8%.
