IREDA board approves ₹2,994 crore QIP to spice up renewable power financing – CNBC TV18 – Company Technique & Outlook

State-owned Indian Renewable Power Growth Company Ltd (IREDA) on Friday (February 6) introduced that its board authorised elevating funds by way of the issuance of fairness shares by way of a professional establishments placement (QIP) in a number of tranches for an mixture quantity of as much as ₹2,994 crore.

The issuance can be structured to make sure that the shareholding of the President of India, performing by way of the Ministry of New and Renewable Power, doesn’t dilute greater than 3.76% of the post-issue paid-up fairness share capital of the corporate.

Additionally Learn: IREDA seems to lift as much as ₹3,000 crore by way of QIP: Unique

The board approval is topic to shareholder approval and different relevant authorities, regulatory, and statutory permissions. The detailed phrases of the fairness situation, together with the value and premium, will adjust to relevant legal guidelines.Third Quarter Outcomes

IREDA had reported a 37.5% year-on-year improve in web revenue for the quarter ended December 31, 2025 (Q3 FY26), rising to ₹584.9 crore from ₹425.4 crore in the identical interval final 12 months. The corporate’s income from operations surged 38% to ₹2,140 crore, from ₹1,699 crore in the identical interval a 12 months in the past. Web curiosity earnings (NII) grew 34.8% to ₹897.5 crore, in contrast with ₹665.8 crore in Q3 FY25.

The corporate’s CMD, Pradip Kumar Das, mentioned, “IREDA’s robust monetary efficiency this quarter displays our dedication to accelerating India’s renewable power transition. The expansion in mortgage disbursements, web value and profitability underscores the belief positioned by our stakeholders.” The corporate’s mortgage e-book rose 28 per cent in Q3 to ₹87,975 crore from Rs 68,960 crore within the year-ago quarter.

Additionally Learn: IREDA Q2 Outcomes: Inventory surges after 41% revenue development, asset high quality improves

Whereas disbursements jumped 32% to ₹9,860 crore, from ₹7,449 crore in October-December FY25. The web value elevated to ₹13,537 crore from ₹9,842 crore, a 38% rise.

Shares of India Renewable Power Growth Company (IREDA) ended at ₹128.30, down by ₹1.60, or 1.23%, on the BSE.