Indian Renewable Energy Development Agency is currently trading at Rs. 165.15, up by 3.25 points or 2.01% from its previous closing of Rs. 161.90 on the BSE.
The scrip opened at Rs. 163.00 and has touched a high and low of Rs. 166.75 and Rs. 163.00 respectively. So far 221565 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 310.00 on 15-Jul-2024 and a 52 week low of Rs. 135.50 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 176.80 and Rs. 156.70 respectively. The current market cap of the company is Rs. 43514.91 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 2.48% and 22.51% respectively.
Indian Renewable Energy Development Agency (IREDA) has signed a Facility Agreement for raising External Commercial Borrowing (ECB) from SBI, Tokyo Branch for 26 billion Japanese Yen (JPY), including a Green Shoe Option of 10 billion JPY.
This five-year unsecured facility, with bullet payment at maturity, is set to strengthen IREDA’s global market presence. The landed cost (after hedging) is expected to be below 7%, making it more cost-effective than similar-tenure loans in the domestic market. The company continues to enjoy international credit rating of ‘BBB-' long-term and 'A-3' short-term with Outlook ‘Stable’ from S&P Global, underscoring its highest standards of corporate governance and credibility in international markets.
IREDA is a Public Limited Government Company established as a Non-Banking 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’.
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