Shares of Indian Renewable Energy Development Agency (IREDA) will be in focus after the company’s board approved an increase in its borrowing limit for the financial year 2024-25.
In a board meeting held on March 17, 2025, IREDA decided to enhance its borrowing program by ₹5,000 crore, raising the total borrowing limit from ₹24,200 crore to ₹29,200 crore. The funds will be raised through various instruments, including taxable bonds, subordinated Tier-II bonds, perpetual debt instruments (PDI), term loans from banks and financial institutions, lines of credit from international agencies, external commercial borrowings (ECB), and short-term loans from banks.
The decision aligns with IREDA’s ongoing efforts to strengthen its financial position and expand its role in financing renewable energy projects in India.
The board meeting commenced at 3:30 PM and concluded at 5:20 PM. Investors and analysts will be closely watching the stock’s movement in the upcoming trading session following this announcement.
