IREDA up after RBI expands scope of renewable energy loans

Indian Renewable Energy Development Agency

25/03/2025 04:18

** Shares of renewable energy financier Indian Renewable Energy Development Agency (IREDA) INAR.NS rise 3% to 175.3 rupees

** Reserve Bank of India announced changes to their priority sector lending (PSL) guidelines on Monday, expanding the scope of loans classified under renewable energy sectors

** Bank loans up to 350 million rupees for renewable energy-based generators and renewable energy-based public utilities now available

** The borrowing limit for renewable energy for individual households at 1 million rupees per annum

** INAR shares are down 19% in 2025 so far, compared to an 8.1% drop in the midcap 100 index .NIFMDCP100 of which it is a constituent

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))