Ireda Share Price: The shares of the Indian Renewable Energy Development Agency (IREDA) increased for the third consecutive day on March 25. Today, the company’s shares rose 3.96% to Rs 176.77 per share during trading. The company’s shares have increased by 14.5% in the last three days. This boom comes at a time when an important meeting of the board of the directors of the company is going to be held on 25 March today.
In the information sent to the stock markets, the company said that the meeting of the board of directors of IREDA will be held on March 25, 2025. In this meeting, the loan scheme for FY 2025-26 will be considered. The meeting initially increased the interest of investors, which led to a boom in the stocks.
Firstly released eternal bonds released
The government -owned company had earlier announced its first sustainable bond issue, through which it plans to raise Rs 1,247 crore. These permanent bonds are a strategic move taken by the company, which will strengthen the Tier-I capital base of IREDA and aid in the rapid expansion of green energy infrastructure in the country. Permanent bonds are offered at an annual coupon rate of 8.40%. This is considered a major step towards improving the company’s capital structure.
EREDA Chairman and Managing Director Pradeep Kumar Das said, “Permanent bonds will strengthen our capital basis, which will help us to provide more funding to renewable energy projects. This will speed up the development of India’s green energy sector and increase towards clean and more sustainable future.”
