Ireda

The issue drew strong investor interest, with total bids worth Rs 1,343 crore against the base size of Rs 100 crore and a Green-Shoe option of Rs 400 crore

IREDA sets FY26 revenue target of Rs 8,200 crore

IREDA's revenue target is 22% higher than its topline of Rs 6,743 crore achieved in FY25.

IREDA confident of recovery from Gensol EV assets, provisioning may not rise

IREDA was the first lender to file for insolvency against Gensol and has since seen an interim resolution professional (IRP) appointed. A meeting of the committee of creditors (CoC) was held last week and a resolution professional (RP) is expected to be confirmed this month.

IREDA plans to raise Rs 2,500-3,000 crore through QIP this fiscal

IREDA also said it had an exposure of Rs 700 crore to the crisis-hit Gensol Engineering and it has already recovered a little over Rs 100 crore by way of various instruments, including encashing their bank guarantees as well as withdrawal of the FD money

IREDA shares tank 6% as Q1 profit slumps 36% as bad loans surge; Gensol exposure in focus

IREDA share price: The company's Rs 470 crore exposure to Gensol includes a Rs 254.9 crore term loan and Rs 215.7 crore in working capital.

IREDA shares rise over 2% ahead of Q1 results; Gensol exposure puts spotlight on asset quality

IREDA share price: The company’s loan book grew 26.5 percent year-on-year to nearly Rs 80,000 crore, compared to Rs 63,207 crore in the corresponding quarter last year.

IREDA shares jump 3% as disbursements up 31% in Q1, loan book outstanding at Rs 80,000 crore

IREDA's loan book outstanding also grew in Q1, coming in at Rs 79,960 crore, a 27 percent rise from Rs 63,207 crore on-year.

Gensol Engg shares hit 2% lower circuit after NCLT admits plea to start insolvency proceedings against it

NCLT appoints interim resolution professional for Gensol Engg

IREDA raises Rs 2,006 crore from QIP, LIC picks 50% shares at Rs 1,003 crore

IREDA QIP: Nearly 12.15 crore equity shares were issued at an issue price of Rs 165.14 apiece via the QIP, marking a discount of over 4.5 percent from the floor price of Rs 173 apiece.

IREDA shares drop 2% as Rs 5,000 cr QIP floor price disappoints investors

IREDA shares dropped after the board approved a Rs 5,000 crore QIP at a floor price of Rs 173

IREDA stock falls as lock-in expiry frees up nearly 54 crore shares for trading

IREDA share price: An end to the lock-in doesn’t automatically translate into offloading of shares, just makes them tradable.

Debt Recovery Tribunal bars Gensol promoters from sale or transfer of assets

In an order issued on Wednesday, the tribunal has also asked the court appointed officer to take possession of mortgaged EVs of Blu Smart.

Gensol loan recovery: PFC may opt for DRT even as IREDA moves NCLT

With over Rs 977 crore in sanctioned loans, Gensol Engineering is facing intensified recovery proceedings from lenders amid widening financial and governance lapses.

NCLT issues notice to Gensol Engineering on Ireda's insolvency plea

Indian Renewable Energy Development Agency’s (Ireda) plea came for hearing before a two-member Ahmedabad-based bench of the insolvency tribunal NCLT

IREDA files second bankruptcy case against Gensol Engineering over alleged fraud

Gensol has also procured electric vehicles on behalf of ride-hailing service BluSmart. Gensol's former managing director, Anmol Singh Jaggi, is BluSmart's co-founder.

IREDA moves to file bankruptcy against Gensol Engineering over alleged fraud

Gensol's Managing Director Anmol Singh Jaggi and his brother Puneet Singh Jaggi resigned earlier this week, a month after the Securities and Exchange Board of India (SEBI) barred them from holding key positions in the company.

IREDA files complaint against Gensol over alleged document fraud

Credit ratings agencies, in March, alleged that the company submitted falsified financial documents and downgraded the company.

Gensol Engineering now under EoW lens as lender PFC files complaint

Power Finance Corporation Ltd (PFC) said it is exploring all possible options to recover an outstanding principal amount of Rs 307 crore from Gensol Engineering Ltd.

Regulatory gaps, poor oversight delay action in Gensol scandal

The Gensol Engineering fiasco lays bare a glaring lack of coordination among regulators, rating agencies, and financial institutions. Despite early warning signs and complaints, decisive action came only after defaults and document falsification were exposed.

IREDA Q4 Results: Net profit surges 49% to Rs 502 crore, revenue up 37%

The PSU company's revenue from operations meanwhile surged nearly 37 percent to Rs 1,905.06 crore.

IREDA launches first-ever perpetual bonds to raise Rs 1,247 crore

The PSU called perpetual bond issue a 'strategic move' to enhance Tier-I capital to back the expansion of green energy infrastructure, and comes days after the board hiked the borrowing limit for FY25 to Rs 29,200 crore.

IREDA shares snap six-day losing streak after raising FY25 borrowing limit

IREDA has increased its borrowing limit by Rs 5,000 crore for the ongoing financial year to Rs 29,200 crore from the earlier Rs 24,200 crore.

Stocks To Watch: IREDA, Gensol, Lupin, Tata Power, Shilpa Medicare In Focus | March 10

Stay ahead with today’s top stock market updates! RBI has denied IREDA’s equity request for a Nepal project, while Gensol promoters sold 2.37% equity to reinvest in the business. Lupin launched Rivaroxaban tablets in the US, and Tata Power signed a ₹49,000 crore MoU for 7,000 MW renewable projects in Andhra Pradesh. Shilpa Medicare’s Raichur unit received a USFDA observation, and Shiv Nadar transferred 47% of his HCL Corp stake to Roshni Nadar Malhotra. Bodal Chemicals will benefit from new anti-dumping duties on imports from China and Japan. Stay tuned for more market insights!

IREDA shares slump over 7% as it enters F&O segment; stock down 50% from peak

IREDA shares have also lost over 20 percent in February alone, marking its steepest monthly decline since its listing in December 2023

IREDA shares jump 4% as shareholders approve to raise up to Rs 5,000 crore via QIP

IREDA's Rs 5,000 crore fundraising will take place in one or multiple tranches and includes dilution of the government's stake by up to 7 percent post-issue