Indian Renewable Energy Development Agency gains after borrowing plan boost

Indian Renewable Energy Development Agency

18/03/2025 04:57

** Shares of Indian Renewable Energy Development Agency Ltd (IREDA) INAR.NS rise as much as 4.6% to 144.49 rupees

** NBFC says its board approved enhancement of borrowing programme for FY 2024-25 by 50 bln rupees ($576.6 mln) to 292 bln rupees

** Stock on track to snap 6 days of losses

** More than 10.1 mln shares traded as of 10:23 a.m. IST, nearly their 30-day moving avg of ~12 mln shares

** INAR last up 4.4%, cutting YTD losses to 35.8%

($1 = 86.7160 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))