Indian Renewable Energy Development Agency Ltd

NSE
IREDA •
BUY

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1M Return

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6M Return

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Start SIP in Indian Renewable Energy Development Agency Ltd
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 %
25.77% Fall from 52W High
398.3
TTM PE Ratio
Price to Book Ratio
High in industry
7.2
Dividend yield 1yr %
0
TTM PEG Ratio
RSI
RSI is mid-range
47.7
MFI
MFI is mid-range
55.4

Indian Renewable Energy Development Agency Ltd shareholding Pattern

Promoter
75%
Foreign Institutions
1.9%
Mutual Funds
2.9%
Domestic Institutions
4.4%
Public
18.8%

Indian Renewable Energy Development Agency Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
2
Bearish Moving Averages
9
5Day EMA
167.30
10Day EMA
171.00
12Day EMA
171.40
20Day EMA
168.80
26Day EMA
164.40
50Day EMA
138.20
EMA
NaN
EMA
NaN
Delivery & Volume
Resistance & Support
160.32
Pivot
Resistance
First Resistance
161.18
Second Resistance
162.92
Third Resistance
163.78
Support
First Support
158.58
Second support
157.72
Third Support
155.98
Relative Strength Index
47.69
Money Flow Index
55.44
MACD
7.07
MACD Signal
12.35
Average True Range
10.22
Average Directional Index
39.92
Rate of Change (21)
-1.42
Rate of Change (125)
0.00

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 has obtained 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 domestic financial institution with more than 30 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. IREDA is currently a 100% Government of India (GoI) owned enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). The Company is a Public Financial Institution (a PFI) under section 2(72) of the Companies Act, 2013 and is registered as a nonbanking financial company (a NBFC) with the Reserve Bank of India (the RBI). The Company believes that its classification as a PFI enhances its ability to raise funds on a costcompetitive basis (including through the issuance of various types of bonds that offer certain tax benefits to the bondholders). The company also was conferred with the Mini Ratna (Category 1) status in June 2015 by the Department of Public Enterprises. 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). We have 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. The Companys primary sources of funds include domestic and foreign borrowings, internal resources and Government of India guarantees and support. In September 2017, the company issued Rs. 19,500 million of green rupeedenominated bonds in the international markets (with proceeds received on October 10, 2017). In March 2017, the company issued Rs. 7,000 million of green energy bonds in the domestic market. Both issues were in accordance with its Green Bond Framework which meets requirements of the Climate Bonds Standard Version 2.0 issued by the Climate Bond Initiative (Green Bonds) and also adheres to the Green Bond Principles, 2015, issued by the International Capital Markets Association (ICMA). The international funding sources also includes loans from the World Bank, the Asian Development Bank, Kreditanstant fur Wiederaufbau, Japan International Cooperation Agency European Investment Bank, Agence Francaise Development and Nordic Investment Bank. In addition to the financial products and services, the company has also set up its own 50 MW Solar Photovoltaic Project in 200 MW Kasaragod Solar Park in the state of Kerala, on which it has spent Rs. 2,939.85 million through September 30, 2017. The project was commissioned in September 2017 and has begun generating power which is being injected into the Kerala State Electricity Board grid. The project began generating revenue in September 2017.
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Indian Renewable Energy Development Agency Ltd FAQs

Indian Renewable Energy Development Agency Ltd shares are currently priced at 159.45 on NSE and 159.4 on BSE as of 2/22/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

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. 50 and a 1-year high of Rs. 214.8.

The market cap of Indian Renewable Energy Development Agency Ltd is Rs. 42856.41 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Indian Renewable Energy Development Agency Ltd is 36.64 as of 2/22/2024 12:00:00 AM.

The PB ratios of Indian Renewable Energy Development Agency Ltd is 5.44 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 2.87% at the end of 2/22/2024 12:00:00 AM.

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