IREDA shares surged nearly 2% following reports of ET NOW that the government is considering allowing more public sector undertaking (PSU) non-banking financial companies (NBFCs) to issue capital gain bonds under Section 54EC of the Income Tax Act.
The Ministry of New and Renewable Energy (MNRE) may approach the Finance Ministry to include green-focused NBFCs like IREDA, aiming to support financing needs for the renewable sector.
As of 2:42 pm, IREDA shares were trading 1.27% higher at ₹226.31 on the NSE.
About the company: Indian Renewable Energy Development Agency Limited (IREDA) is a key non-deposit taking NBFC (ND-SI) in India, focusing on promoting and financing new and renewable energy projects. The company offers a wide range of financial products and services that support the entire lifecycle of renewable energy projects, from conceptualization to post-commissioning. IREDA has financed numerous projects in sectors like solar, wind, hydro, transmission, and biomass. It extends loans to government entities and offers financing schemes for suppliers, manufacturers, and contractors in the renewable energy sector.
INDIAN RENEWABLE ENERGY Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Wed, Sep 25 2024
|
₹227.35
|
₹223.47
|
-1.71%
|
|
Tue, Sep 24 2024
|
₹230.00
|
₹227.35
|
-1.26%
|
|
Mon, Sep 23 2024
|
₹233.00
|
₹230.24
|
-0.92%
|
|
Fri, Sep 20 2024
|
₹231.00
|
₹232.37
|
|
|
Thu, Sep 19 2024
|
₹235.00
|
₹230.01
|
|
|
Wed, Sep 18 2024
|
₹227.06
|
₹227.39
|
-0.15%
|
|
Tue, Sep 17 2024
|
₹230.00
|
₹227.74
|
-0.28%
|
|
Mon, Sep 16 2024
|
₹232.00
|
₹228.39
|
-1.38%
|
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