INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED

Indian Renewable Energy Development Agency Limited

IREDA

INE202E01016

Corporate Financial Services

End-of-day quote NSE India S.E. Other stock markets 18:00:00 2024-05-23 EDT			5-day change	1st Jan Change
185.6 ^INR	-1.85%		+8.41%	+80.50%

05-21	IREDA Eyes FPO to Raise Capital for Green Energy Projects	CI
05-09	IREDA Forms Wholly-Owned Subsidiary in India's GIFT City	MT

Indian Renewable Energy Development Agency Limited Incorporates Wholly Owned Subsidiary, IREDA GLOBAL GREEN ENERGY FINANCE IFSC LIMITED

May 09, 2024 at 03:55 am

In reference to letter dated 08.02.2024 regarding No objection of the Reserve Bank of India for setting up a wholly owned subsidiary in the International Financial Services Centre (IFSC), GIFT City, Gujarat, this is to informed that 'IREDA GLOBAL GREEN ENERGY FINANCE IFSC LIMITED" has been incorporated as a wholly owned subsidiary of Indian Renewable Energy Development Agency Limited on 07.05.2024.

Latest news about Indian Renewable Energy Development Agency Limited

IREDA Eyes FPO to Raise Capital for Green Energy Projects	05-21	CI
IREDA Forms Wholly-Owned Subsidiary in India's GIFT City	05-09	MT
Indian Renewable Energy Development Agency Limited Incorporates Wholly Owned Subsidiary, IREDA GLOBAL GREEN ENERGY FINANCE IFSC LIMITED	05-09	CI
India state-owned lenders slide as regulator mulls bigger provisions for project loans	05-06	RE
INDIA STOCKS-Indian shares edge up, with IT gains battling state-run banks' drop	05-06	RE
Indian Renewable Energy Development Posts Rise in Fiscal Q4 Net Profit	04-22	MT
Indian Renewable Energy Development Agency Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	04-19	CI
Indian Renewable Energy Development Agency Limited Reports Earnings Results for the Full Year Ended March 31, 2024	04-19	CI
Indian Renewable Energy Development Agency Limited Approves the Setting Up of A Subsidiary	04-19	CI
Indian Sucrose Secures INR1.4 Billion Loan for Ethanol Plant Construction	04-07	MT
IREDA Gets Board Nod for INR242 Billion Market Borrowing Program For Fiscal 2024	03-28	MT
Indian Renewable Energy Development Agency Limited Announces Board Changes	03-28	CI
Indian Equities Close Higher on Monday, Led by Financials, Energy Stocks	02-19	MT
Indian Renewable Energy Development Agency	02-19	MT
Indian Renewable Energy Development Agency Limited and Punjab National Bank to Co-Finance Green Energy Projects	02-19	CI
Indian Equities Extend Winning Streak, Led by IT, State Banks	02-15	MT
IREDA Names Chief Compliance Officer; Shares Jump 5%	02-15	MT
Indian Renewable Energy Development Agency Limited Announces Executive Changes	02-15	CI
IREDA and IIT Bhubaneshwar Inks MoU for Clean Energy Innovation	02-11	CI
IREDA Gets Indian Central Bank's Nod to Set Up Subsidiary in IFSC	02-09	MT
Indian Renewable Energy Development Agency Limited Receives RBI Nod to Set Up Subsidiary in Gift City, Gujarat	02-08	CI
Indian Renewable Energy Development Agency's Consolidated Net Profit Jumps in Fiscal Q3; Shares Surge 10%	01-22	MT
INDIA STOCKS-Indian shares end lower in Saturday session as IT stocks, HUL weigh	01-20	RE
Indian Renewable Energy Development Agency Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	01-20	CI
IREDA, Indian Overseas Bank Tie Up for Co-Lending for Renewable Energy Projects	01-16	MT

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Company Profile

Indian Renewable Energy Development Agency Limited is an India-based systemically important non-deposit taking non-banking financial (NBFC-ND-SI) company. The Company is engaged in promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation projects. The Company provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for renewable energy projects and other value chain activities, such as equipment manufacturing and transmission. It has financed projects across multiple RE sectors, such as solar power, wind power, hydro power, transmission, and biomass, among others. It also offers a comprehensive suite of financial products and services including various fund-based and non-fund-based products. In addition, it provides loans to government entities and also provide financing schemes for RE suppliers, manufacturers, and contractors.

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Corporate Financial Services

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Analysts' Consensus

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

185.6 INR

Average target price

110 INR

Spread / Average Target

-40.72%

Consensus

Annual profits - Rate of surprise

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Sector Other Corporate Financial Services

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