IREDA shares fall – IREDA shares dive 30% in 2025 so far; should you enter the stock or avoid it?
Shares of Indian Renewable Energy Development Agency (IREDA) Ltd settled 3.30 per cent higher at Rs 154.90 on Friday. Even as the stock has climbed today, it has corrected 30.16 per cent year-to-date (YTD). IREDA is scheduled to hold its board meeting on March 25 to consider the borrowing plan for the financial year 2025-26 (FY26). The state-run renewable energy financier also mentioned that its borrowing limit has been increased by Rs 5,000 crore to Rs 29,200 crore for FY25.
Separately, IREDA has launched its first-ever issue of perpetual bonds of Rs 1,247 crore at an annual coupon rate of 8.40 per cent. In addition, the PSU financier has also received a refund of Rs 24.48 crore from the Income Tax (I-T) department for assessment year…
