IREDA stock rose by 3.28% to ₹234.85 at 9:16 AM on the NSE after the Indian Renewable Energy Development Agency (IREDA) announced that the Department of Investment and Public Asset Management (DIPAM) has approved a plan for the government to sell a 7% stake through a Qualified Institutional Placement (QIP). This strategic move, which follows recommendations from a high-level committee, aims to raise up to ₹4,500 crore to support IREDA’s renewable energy initiatives.
IREDA’s stock has surged nearly 290% this year, reflecting strong growth in India’s renewable energy sector.
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