IREDA Stocks In Recognition After Rs 1,247 Crore 'Perpetual Bond' Statement
IREDA share price: indian Renewable Energy Development Agency's (IREDA's) shares are up 1.30% on thursday following the release of its first-ever difficulty of perpetual bonds for an amount of Rs 1247 crores at an annual coupon fee of 8.40 percent.
Within the submission, IREDA said it's miles a chief step in optimizing the enterprise's capital structure even as capitalizing on the modern-day supportive market situations.
The script turned into buying and selling at Rs 153.90 apiece with a benefit of 1.32 in line with cent round 9:30 AM on Thursday.
"The issuance of perpetual bonds is a strategic flow geared toward enhancing IREDA's Tier-I capital, making sure of a more potent economic basis to aid the speedy growth of India's inexperienced energy infrastructure," the employer stated in the filing.
A perpetual bond, also called 'perp,' doesn't have a maturity date and will pay a continuous interest price. The insurer, however, may not return the most important quantity to the lender.
Commenting on the success of the issuance, Shri Pradip Kumar Das, Chairman and Managing Director, IREDA, said, "This is a historic milestone for IREDA. We expand our gratitude to traders for their enthusiastic response. Strengthening our capital base through perpetual bonds will allow us to scale up financing for renewable electricity tasks, accelerating India's transition to a purer and extra sustainable future."
Tax Refund From IT Dept
Similarly to this fulfillment, IREDA has acquired a reimbursement of Rs 24.48 crores on march 19, 2025, from the profits tax department toward partial comfort granted via the Commissioner of Profits Tax (Appeals) for assessment 12 months (AY) 2011-12, related to certain disallowances.
IREDA share fee
IREDA's shares ended higher by 4.04 percent on wednesday to settle at Rs 151.90 apiece. The fifty-two-week high and coffee remained at Rs 310 and Rs 124, respectively.
The stocks are down fifty-one percent from their record peak of Rs 310 apiece.
IREDA's share rate has shown great fluctuation over diverse timeframes. Even as the past month and 12 months-to-date intervals have visible declines of 10.75% and 31.51%, respectively, longer intervals paint a greater fine picture.
Substantially, IREDA's share charge has surged by means of 17.43%, 30.11%, 30.39%, 166.72%, and 165.02% over the past 1 year, 2 years, 3 years, 5 years, and 10 years, respectively. Those figures spotlight the agency's strong long-time-period boom ability.
click and follow Indiaherald WhatsApp channel