In Monday’s commerce (July 1), shares of the Indian Renewable Vitality Growth Company climbed over 6 per cent to day’s excessive worth of Rs 202 apiece after its quarterly enterprise replace.
As per the submitting with the exchanges, the PSU’s mortgage sanctions through the April-June quarter of FY25 has been recorded at Rs 9,136 crore, whereas mortgage disbursements had been at Rs 5,320 crore.
The corporate has recorded Mortgage Sanctions at Rs. 9136 Crore and Mortgage Disbursements at Rs. 5,320 Crore through the 1st Quarter ended June 30, 2024, a major development of 382.62 per cent and 67.61 per cent respectively over the corresponding quarter of FY 2023-24, mentioned the corporate’s submitting.
Within the June quarter of the earlier FY, the corporate’s mortgage sanctions and disbursements have been at Rs 1,893 crore and Rs 3,174 crore, respectively.
Moreover, the corporate’s excellent mortgage e book as of the June-ended quarter stands at Rs 63,150 crore, a document development of 33.77%. Its mortgage e book through the corresponding quarter final yr has been at Rs 47,207 crore.
Additionally, as per media studies, the corporate is prone to give you a FPO or follow-on public provide to boost capital, topic to the centre’s consent.
Beneficial properties in IREDA’s inventory worth since itemizing on November 29
The corporate’s inventory debuted on the bourses on November 29 and compared to the IPO challenge worth of Rs 32, the inventory has climbed 531.25 per cent.
About IREDA
Indian Renewable Vitality Growth Company is a systemically vital non-deposit taking non-banking monetary (NBFC-ND-SI) firm. The corporate is engaged in selling, creating and lengthening monetary help for brand new and renewable power (RE) tasks, and power effectivity and conservation tasks.
