IREDA Becomes Navratna, Share Prices Surge

IREDA shares surge 13% after gaining prestigious Navratna status

Shares Prices Soaring

By mid-morning, IREDA shares reach Rs 184, marking a notable rise.

 Navratna Powers

As a Navratna, IREDA can now invest up to Rs 1,000 crore autonomously.

Investment Flexibility

IREDA can allocate significant funds to projects without government oversight.

33% Jump in Net Profit

IREDA's net profit soars to Rs 337 crore in Q4, up from Rs 254 crore last year

Historic Loan Metrics

IREDA records its highest-ever loan sanctions and disbursements in FY 2023-24.

200% Six-Month Gain

IREDA's stock triples in value, vastly outperforming the Nifty 50's 18% rise.