#ireda #stocks #marketlive #psu #ipo
Shares of the Indian Renewable Energy Development Agency (IREDA) are on a roll. Compared to its IPO issue price of Rs 32, the stock has surged over 500% till date. The company is again in focus as it intends to become a "Maharatna" PSU by the financial year 2030. Watch this video to know more Shares of the Indian Renewable Energy Development Agency (IREDA) are on a roll. Compared to its IPO issue price of Rs 32, the stock has surged over 500% till date. The company is again in focus as it intends to become a "Maharatna" PSU by the financial year 2030. To be classified as a Maharatna, the company should have a "Navratna" status, comply with minimum shareholding norms, and have an average annual turnover of over Rs 25,000 crore in the last three years. The government gave the company the "Navratna" status last month. IREDA intends to increase its annual disbursements by over 5x to Rs1.36 lakh crore by financial year 2030. By the end of the financial year 2030, the company intends to have a loan book of nearly Rs 3.5 lakh crore. The renewable energy stock has also been added to the FTSE All-World, All Cap index as an outcome of FTSE's May supplementary index review results.
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