The Indian Renewable Energy Development Agency (IREDA) has approved a plan to raise up to ₹4,500 crore through various funding methods. The company’s board meeting is scheduled for August 29, 2024, to discuss and finalize the proposal.
Following this announcement, IREDA’s stock has shown positive movement, currently trading at ₹254.90, up by ₹0.95 or 0.37% as of 2:06 PM.
Stock Price Details:
– Open: ₹255.50
– High: ₹262.95
– Low: ₹253.50
– Previous Close: ₹253.95
This fundraising initiative is expected to enhance IREDA’s capacity to finance renewable energy projects and support the government’s efforts in promoting sustainable energy solutions. Investors are optimistic about the potential growth opportunities this funding will create for the agency.
