IREDA jumps over 6%

IREDA is buzzing on the first day of 2025, rising over 6% to an intraday high at Rs.227.70 while its 52-week high was at Rs.310.

The market has given its business update for the third quarter ended 31^st Dec’24. The company sanctioned loans worth Rs.31,087 crore, growth of 129% (YoY). Disbursements rose 41% to Rs.17,236 crore.

Its loan book outstanding was at Rs.69,000 crore, up 36%.

A PSU, financing in the field of renewable energy had got listed in Nov’23 at an IPO price of Rs.32.