Indian Renewable Energy Development Agency Ltd (IREDA) has been in focus on Monday. On March 3, 2025, IREDA share price opened at ₹156.65, almost the same as its previous close of ₹156.02. At 11:17 AM, the share price of IREDA was trading at ₹144.43, down by 7.43% on the NSE.
IREDA has now entered the Futures & Options (F&O) segment, marking a significant development for traders and investors.
Following its recent elevation to Navratna status, IREDA has made amendments to its Articles of Association, which could enhance its operational autonomy and decision-making capabilities.
Before that, IREDA had informed that the International Financial Services Centre Authority (IFSCA), via a letter dated September 4, 2024, had granted provisional registration to its wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, as a finance company at GIFT City, Gujarat. The company received the Certificate of Registration from IFSCA on February 18, 2025, allowing it to undertake activities as a finance company.
For Q3 FY25, IREDA reported a 27% YoY rise in net profit to Rs 425 crore, supported by a 36% surge in revenue to Rs 1,698 crore. The company also improved its cost of borrowing, which declined to 7.68%, while its net interest margin expanded to 3.33%.
IREDA’s entry into the F&O segment marks a significant milestone, reflecting growing investor interest in the stock.
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Published on: Mar 3, 2025, 12:02 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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