Indian Renewable Energy Development Agency Ltd

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IREDA •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
New 52W High today
70.8
TTM PE Ratio
Above industry Median
61
Price to Book Ratio
High in industry
8.9
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is much higher than 1
1.4
RSI
RSI strongly Overbought
83.6
MFI
MFI strongly Overbought
91.7

Indian Renewable Energy Development Agency Ltd shareholding Pattern

Promoter
75%
Foreign Institutions
2.7%
Mutual Funds
0.2%
Domestic Institutions
0.4%
Public
21.9%
Promoter
75%
Foreign Institutions
1.4%
Mutual Funds
0.5%
Domestic Institutions
1%
Public
22.7%
Promoter
75%
Foreign Institutions
1.9%
Mutual Funds
2.9%
Domestic Institutions
4.4%
Public
18.8%
Promoter
75%
Foreign Institutions
4%
Mutual Funds
3.9%
Domestic Institutions
8.5%
Public
12.5%

Indian Renewable Energy Development Agency Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
14
Bearish Moving Averages
0
5Day EMA
262.90
10Day EMA
243.80
12Day EMA
238.20
20Day EMA
222.80
26Day EMA
215.30
50Day EMA
197.70
100Day EMA
176.80
EMA
NaN
5Day SMA
260.40
10Day SMA
237.60
20Day SMA
211.40
30Day SMA
200.80
50Day SMA
191.30
100Day SMA
173.30
150Day SMA
159.20
SMA
NaN
Delivery & Volume
Resistance & Support
287.94
Pivot
Resistance
First Resistance
300.82
Second Resistance
317.39
Third Resistance
330.27
Support
First Support
271.37
Second support
258.49
Third Support
241.92
Relative Strength Index
83.62
Money Flow Index
91.67
MACD
22.88
MACD Signal
14.49
Average True Range
16.47
Average Directional Index
37.64
Rate of Change (21)
55.69
Rate of Change (125)
176.52
Peer comparison
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Indian Renewable Energy Development Agency Ltd Company background

Founded in: 1987
Managing director: Pradeep Kumar Das
Indian Renewable Energy Development Agency Limited (IREDA) was incorporated on March 11, 1987 as a Public Limited Company and obtained the Certificate of Commencement of Business dated March 21, 1987. The Company was notified as a Public Financial Institution on October 17, 1995, by the Department of Company Affairs, Ministry of Finance, GoI. Further, the Reserve Bank of India granted a Certificate of Registration to the Company on January 23, 2008, permitting to carry on the business of NonBanking Financial Company without accepting public deposits. IREDA is a pioneering financial institution with more than 36 years of experience in the Indian renewable energy sector. The Company provides financial assistance to renewable energy projects, companies and manufacturers in India for power generation, equipment supply and fuel source projects including wind power, solar power, hydro power, biomass, cogeneration and waste to energy as well as energy efficiency and conservation.The Company provides comprehensive suite of financial products and services includes various fundbased financial products including longterm and shortterm project and manufacturing loans, take out financing, bridge loans and bill discounting, and nonfund based assistance, like performance guarantees, letters of comfort, letters of undertaking and refinancing schemes. The Company is a Navratna Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a NonBanking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: ENERGY FOR EVER.The Company was established as an integral part of, and have played a strategic role in, the GoIs initiatives for the promotion and development of the renewable energy sector in India. It has been involved in the development and implementation of various policies and structural and procedural reforms in the renewable energy sector. Under the IREDANCEF Refinancing Scheme, the Company utilizes funds received from the National Clean Energy Fund (NCEF) to refinance renewable energy projects for biomass (up to 10MW) and small hydro (up to 5MW). It has also been involved in various GoI programs for the development of renewable energy sector including the Wind GBI Scheme, the Solar GBI Scheme and the Solar Water Heating System Capital Subsidy Scheme. IREDA commissioned one large Hydro Project of 1200 MW under consortium financing in FY 201617. 50 MW Solar Project of IREDA situated at Kasargod, in the state of Kerala was installed and commissioned in September, 2017. In 201920, Short Term Loan Facility to Govt. Bodies/ DISCOMS/Transcos/State Owned Trading Companies was introduced for meeting RPO Compliance/Procurement of RE Power/Payment to RE Generators/Setting up RE Infrastructure (including transmission lines). A Scheme for Loan against Securitization of future GBI receivables in case of Grid Connected Wind Solar Projects was introduced to provide loan against Securitization of future GBI receivables of Wind Solar projects registered under GBI scheme of MNRE. Financing Scheme for Setting up of New distillery / Expansion of existing distillery for production of Ethanol using Sugarcane Juice / Sugar / Sugar Syrup /BHeavy Molasses/ CHeavy Molasses/ Damaged Food Grains was introduced to provide financial assistance for setting up of new Distillery or expansion of existing Distillery for manufacturing of Ethanol, which in turn promote blending of biofuel in petroleum for reduction in pollution levels and addressing the issues of sugar demand supply chain.The Reserve Bank of India granted an Infrastructure Finance Company status to IREDA in 2023.
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Indian Renewable Energy Development Agency Ltd FAQs

The past 1-year return of Indian Renewable Energy Development Agency Ltd [IREDA] share was 0. The Indian Renewable Energy Development Agency Ltd [IREDA] share hit a 1-year low of Rs. 49.99 and a 1-year high of Rs. 304.6.

The Mutual Fund Shareholding was 0.24% at the end of .

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