On July 1, 2025, IREADA share price rose over ~2%in the morning trade, reaching a day high of ₹174.65 at 09:40 AM, after opening at ₹171.95 on BSE. The gain in IREDA share price follows the release of the Q1FY26 business update. The state-run Indian Renewable Energy Development Agency (IREDA) recorded a strong year-on-year growth in both loan sanctions and disbursements.
Loan sanctions during the first quarter rose 29% year-on-year to ₹11,740 crore, compared to ₹9,136 crore in the corresponding period last year. Loan disbursements also witnessed a significant uptick, growing 31% to ₹6,981 crore, up from ₹5,326 crore in Q1 FY2024.
With strong disbursement momentum, IREDA’s outstanding loan book stood at ₹79,960 crore at the end of June 2025, representing a 27% increase from the same quarter last year. This also marks a sequential rise from ₹76,250 crore at the end of March 2025.
The company has made headlines recently for initiating insolvency proceedings against Gensol Engineering and its affiliates. In June, the Ahmedabad bench of the National Company Law Tribunal (NCLT) admitted a corporate insolvency petition filed by IREDA against Gensol EV Lease Ltd., a subsidiary of Gensol Engineering, for defaulting on dues amounting to ₹218.95 crore.
Also Read: Jaiprakash Associates’ CoC to Meet Today, July 1; Likely to Evaluate Insolvency Bids
During the quarter, IREDA raised ₹2,000 crore through a Qualified Institutional Placement (QIP), attracting investments from notable institutions including LIC, Societe Generale, Morgan Stanley, and Vikasa India EIF I Fund. Following the QIP, the Government of India holds a 71.76% stake in the company.
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Published on: Jul 1, 2025, 9:52 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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