IREDA Share Price Hits Upper Circuit: Indian Renewable Energy Development Agency Limited’s stock surged by 5%, triggering the upper circuit on Tuesday.
The uptrend follows a robust business performance reported by IREDA for the quarter and fiscal year ended March 31, 2024, on a provisional basis.
In FY 2023–2024, IREDA achieved its highest-ever loan sanction of Rs. 37,354 Crore and loan disbursement of Rs. 25,089 Crore. The company disclosed in a filing post market hours on Monday that its Loan Book reached Rs. 59,650 crore, marking a record increase of 26.71%.
The loan sanction of ₹37,354 crore in FY24 represented a 14.63% increase from ₹32,587 sanctioned during FY23.
