Multibagger stock IREDA share price in focus today post business updates: Loan Book marks 36% growth | Stock Market News
Source: Live Mint
Stock Market Today: Multibagger Indian Renewable Energy Development Agency share price remains in focus today post provisional business updates. Company reported loan book growth of 36% till December’2025 as per its business updates
A provisional business performance up to December 31, 2024 by was reported by IREDA on the exchanges, subject to audit, post market hours on Tuesday.
As per IREDA it has sanctioned loans worth ₹31,087 crore till December 2024. The Loan sanctioned by IREDA marked a growth of 129% over ₹13,558 crore sanctioned loans in same period during 2023.
Loan Disbursements till 31 Decemeber 2024 stood at ₹17,236 crore as per IREDA updates. This marked a growth of 41% over the same last year. IREDA had disbursed loans worth ₹12,220 crore till 31 December in 2023.
The Loan Book Outstanding at the end 31 December 2024 as per IREDA threby was at ₹69,000 crore. This Loan Book Outstanding of IREDA was 36% higher Year on Year. The Outstanding Loan Book at the end of 31 December 2023 stood at ₹50,580.
IREDA share price ended at ₹215.15 on Tuesday down 1.47% on a day when benchmark indices also ended lower. The IREDA share price had oscillated from 1 year or 52 week low of ₹100.40 in March 2024 to 1 year or 52 week high of ₹310 seen in July 2024. Though the IREDA share price has corrected significantly from its all time highs as the borader markets have remained under pressure amdst widespread selling by the Foreign Institutional Investors and other factors. However IREDA share price having risen 105% in 2024 has given multibagger returns to the investors.
IREDA share price that was listed on the exchanges in 2023 post an IPO with IPO price band of ₹30-32, has been a significant wealth creator for investors.
The Indian public sector company IREDA provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency/conservation. IREDA that was established in 1987 is a Navratna company under the Ministry of New and Renewable Energy (MNRE)
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