IREDA Shares Surge 4.5% Following ₹5000 Crore Debt Limit Increase. Borrowing Capacity Now Reaches ₹29,200 Crore. 8% Growth Last Year, 36% Decline in Six Months.
IREDA Share: The stock market witnessed a positive start for the second consecutive day on Tuesday. The Sensex opened with a gain of 550 points, while the Nifty surpassed the 22,650 mark. Meanwhile, shares of Indian Renewable Energy Development Agency Limited (IREDA) also experienced a significant surge. In early trading, IREDA shares jumped nearly 5%, following the company's announcement of an increased borrowing limit.
Over 4.5% Increase in Share Prices
At 10:04 AM on Tuesday, IREDA shares were trading at ₹144.49, up more than 4.5%. However, this stock remains approximately 55% below its 52-week high. It reached a high of ₹310 in July 2024 but fell to ₹124.40 in March 2025, its 52-week low.
Company Announces ₹5000 Crore Increase in Debt Limit
IREDA's board approved a ₹5000 crore increase in its borrowing limit for the fiscal year 2024-25. According to the company, this additional borrowing will be sourced from various avenues. This includes taxable bonds, subordinated Tier-II bonds, perpetual debt instruments (PDI), term loans from banks and financial institutions, credit lines from international agencies, external commercial borrowings (ECB), short-term loans, and working capital demand loans (WCDL) from banks.
Borrowing Capacity Now at ₹29,200 Crore
Following this decision, IREDA's total borrowing limit for fiscal year 2024-25 has increased from ₹24,200 crore to ₹29,200 crore. This will facilitate the company's expansion and meet its financial requirements.
IREDA Share Performance Over the Past Year
Over the past year, IREDA shares have registered an increase of more than 8%. However, investors have experienced a 36% loss over the past six months. Furthermore, the stock has seen a 10% decline in the last month. On Monday, it closed at ₹138.10, down 1.25%.
