IREDA share price jumps 5% on strong Q4 business update. Do you own?(Pixabay)AI Quick ReadIndian Renewable Energy Development Agency (IREDA) share price jumped over 5% to ₹114.89 apiece in Wednesday's trading session after the company reported strong Q4 business update.
The stock opened at ₹113.85 per share today, as compared to previous close of ₹108.98 on Monday.
In an exchange filing, IREDA stated that the loans it sanctioned for the year ended March 31, 2026, rose 9% to ₹51,883 crore, up from ₹47,453 crore in the corresponding period a year earlier.
Loan disbursements climbed 16% to ₹34,946 crore, compared with ₹30,169 crore in the previous fiscal.
The company’s outstanding loan book reached ₹93,075 crore at the end of the year, marking a 22% increase from ₹76,282 crore reported in the fourth quarter of the prior year.
On March 30, IREDA announced that it had entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to secure external commercial borrowings (ECBs) of ¥28 billion.
The facility, structured through SMBC’s Singapore branch as the mandated lead arranger and bookrunner, also carries a greenshoe option of up to ¥12 billion.
(This is a developing story)
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Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.