India's IREDA rises after gov't approves capital gain bonds for renewable projects

Indian Renewable Energy Development Agency

10/07/2025 08:38

** Shares of Indian Renewable Energy Development Agency (IREDA) INAR.NS rise 2.5% to 170 rupees

** The government has permitted co to issue capital gain exemption bonds

** These bonds provide a way to reduce long-term capital gains tax on property or assets held for more than two years

** Co to utilise the bond proceeds only for renewable energy projects that can repay the debt from their own earnings, without relying on state support

** So far in 2025, INAR has fallen ~23%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))