Is IREDA a Government Stock? Here's What You Should Know

Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned company that helps finance clean energy projects in India. It works under the Ministry of New and Renewable Energy (MNRE) and is known as a Public Financial Institution (PFI) and a Non-Banking Financial Company (NBFC).

At 10:49 AM, IREDA share price was up 0.35% and was trading at ₹160.20.

Is IREDA a Government Stock?

Yes, IREDA is a government stock. The Government of India owns about 75% of the company. It was listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in November 2023 after its Initial Public Offering (IPO). This means people can now buy and sell its shares on the stock market.

So, while IREDA is a government company, it is also partly owned by public investors. This makes it a government-backed company that’s open to public investment.

IREDA’s Strong Financial Performance

In the first quarter of the financial year 2025–26, IREDA showed strong business growth:

• Loans sanctioned increased by 29% year-on-year to ₹11,740 crore
• Loan disbursements rose by 31% year-on-year to ₹6,981 crore
• The total outstanding loan book grew by 27% to ₹79,690 crore

These numbers show that IREDA is quickly growing and is actively supporting clean energy projects in India.

Navratna Status Recognition

In April 2024, IREDA was awarded Navratna status by the Department of Public Enterprises. This is a special title given to top-performing public sector companies. It gives IREDA more independence in decision-making and shows the government’s trust in its performance.

Read more: TCS Shares to Trade Ex-Date on July 16: Interim Dividend of ₹11.

Conclusion

IREDA is a government-owned and publicly traded company focused on financing renewable energy. With its strong financial results, growing loan book, and new Navratna status, IREDA is playing a key role in India’s green energy future. It offers investors a chance to be part of a fast-growing, government-supported sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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