IREDA upper Circuit: Share price gained 5% on strong business performance for FY24; Loan book rises 26.71% year-on-year
Indian Renewable Energy Development Agency Limited share price that gained 5%, also hit the upper circuit on Tuesday.
The same was in the back of strong business performance reported by IREDA for the quarter and year ended March 31, 2024 on a provisional basis,
In FY 2023–2024, IREDA recorded the highest-ever loan sanctioned at Rs. 37354 Crore and loan disbursed at Rs. 25089 Crore. At Rs. 59650 crore, the Loan Book has experienced a record rise of 26.71%.
(More to come)
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Published: 02 Apr 2024, 09:53 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.