Indian Renewable Energy Development Agency (IREDA) 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 stock opened at RS 163.00 and touched a high of RS 166.75 and a low of RS 163.00. A total of 2,21,565 shares have been traded so far.

This BSE group 'B' stock, with a face value of RS 10, recorded 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. The last week's high and low were RS 176.80 and RS 156.70, respectively. The company's current market capitalization stands at RS 43,514.91 crore.

Promoters hold 75.00% of the company’s shares, while institutions and non-institutions own 2.48% and 22.51%, respectively.

IREDA has signed a Facility Agreement to raise External Commercial Borrowing (ECB) from SBI’s Tokyo Branch, amounting to 26 billion Japanese Yen (JPY), with an additional Green Shoe Option of 10 billion JPY.

This five-year unsecured facility, with bullet payment at maturity, will enhance IREDA’s global market presence. The effective cost after hedging is expected to be below 7%, making it more economical than similar domestic loans. The company maintains an international credit rating of ‘BBB-' (long-term) and 'A-3' (short-term) with a ‘Stable’ outlook from S&P Global, reflecting strong corporate governance and credibility.

Established in 1987, IREDA is a Public Limited Government Company operating as a Non-Banking Financial Institution, focusing on financing renewable energy projects under its motto: ‘Energy For Ever’.