India's IREDA up as sanctioned loans more than double in 2024

Indian Renewable Energy Development Agency

01/01/2025 04:48

** Shares of Indian Renewable Energy Development Agency
 INAR.NS  rise 3.4% to 222.5 rupees, highest in a month
    ** The renewables lender's sanctioned loans surged over
two-fold to 310.87 bln rupees ($3.63 bln) in 2024 from 2023
    ** Loan disbursement grew 41%, while outstanding order book
grew 36% 
    ** More than 12.1 mln shares change hands, 1.4x its 30-day
avg
    ** INAR surged over two-fold in 2024, its first full year of
trading


($1 = 85.6850 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))