Summary: Here you get daily live updates on IREDA Share Price. The Indian Renewable Energy Development Agency Limited (IREDA) made a debut in the stock market on November 23, 2023. The Government-Owned company Operates in Renewable Energy and Energy Efficiency/Conservation sector. Look, how the IREDA Share Price Today is doing in stock market.
About IREDA COMPANY
Indian Renewable Energy Development Agency Limited (IREDA) was founded on March 11, 1987, as a public limited Government Company in accordance with the Companies Act, 1956. It plays a pivotal role in promoting, developing, and providing financial support for projects related to Renewable Energy and Energy Efficiency/Conservation.
As a Mini Ratna (Category – I) Government of India Enterprise, IREDA operates under the supervision of the Ministry of New and Renewable Energy (MNRE). Positioned as a Public Limited Government Company and established as a Non-Banking Financial Institution in 1987, IREDA is committed to fostering and supporting initiatives aimed at harnessing new and renewable sources of energy and enhancing energy efficiency/conservation. The guiding principle of IREDA is encapsulated in its motto: “ENERGY FOR EVER.”
Recognized as a “Public Financial Institution” under section 4 ‘A’ of the Companies Act, 1956, and registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI), IREDA actively contributes to the sustainable development of the energy sector in India.
About IREDA in Stock Market
The Indian Renewable Energy Development Agency (IREDA) entered the stock market on November 29, 2023, with an initial listing price of ₹50 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
This debut marked a substantial 56.25% increase from the Initial Public Offering (IPO) issue price of ₹32. The IPO, which took place from November 21 to November 23, 2023, provided investors an opportunity to acquire IREDA shares at the earlier specified price.
| Attribute | Details |
|---|---|
| Operational Since | 1987 |
| Owner | Government of India (75% Stake) |
| Sector | Renewable Energy and Energy Efficiency/Conservation |
| Listed at | BSE, NSE |
| IREDA Revenue FY2023 | ₹3,482 crores (US$440 million, FY23) |
| IREDA Profit Margin FY2023 | 25.60% (Positive) |
| IREDA Net Profit/Loss After Tax FY2023 | ₹914.853 crores (PROFIT) |
IREDA Share Price Today: IREDA Stock Market Live Updates
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Paisalo Digital Secures ₹200 Crore Boost from IREDA for E-Mobility Expansion
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IREDA share price Today :IREDA trading at ₹149.25, down -3.68% from yesterday’s ₹154.95
On the final day of trading for IREDA on the stock market (BSE), 5,708,993 shares were traded. The stock started at ₹157 and ended the day at ₹154.95. Today, the stock was opened at ₹149.25, down by -3.68% from yesterday’s closing price ₹154.95.
IREDA Shares Volatile Day: Initial Dip Followed by Strong Recovery
IREDA’s shares initially fell by 5% to Rs 143.90 on Tuesday, triggering a seller’s circuit. However, they quickly rebounded, surging by 10% and reaching the upper circuit at Rs 159 for the day. The total market capitalization of IREDA now stands at over Rs 42,700 crore. On the previous day (Monday), the stock had closed at Rs 151.45.
IREDA Share Price, ranged from 50.00000 to 214.80000 in the last 52 weeks
The lowest price of Indian Renewable Energy Dev Agency Ltd stock in the last 52 weeks was 50.00000, and the highest was 214.80000. This means the stock had a big difference in its performance over the past year.
