IREDA to launch FPO for Green Energy Projects

In order to fund green energy projects, the Indian Renewable Energy Development Agency (IREDA) may issue an FPO to raise funds.

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The company had raised Rs. 2,150 crore in November 2023 via public listing. The FPO may take place in the first half of FY2026.

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The FPO may move in a positive direction after the new government formation in July. It may take around four to six months for the approval process.

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IREDA has a loan book of Rs. 59,698 cr and a net worth of Rs. 8,559.43 cr as of today. It is owned by the Indian government.

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The stock was trading 3.20% up on Wednesday around 12 noon at Rs. 189.50.

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IREDA to launch FPO for Green Energy Projects

In order to fund green energy projects, the Indian Renewable Energy Development Agency (IREDA) may issue an FPO to raise funds.

FPO launch

The company had raised Rs. 2,150 crore in November 2023 via public listing. The FPO may take place in the first half of FY2026.

FPO

The FPO may move in a positive direction after the new government formation in July. It may take around four to six months for the approval process.

Timelines

IREDA has a loan book of Rs. 59,698 cr and a net worth of Rs. 8,559.43 cr as of today. It is owned by the Indian government.

Financials

The stock was trading 3.20% up on Wednesday around 12 noon at Rs. 189.50.

Share price

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