IREDA launches its retail subsidiary -receives Govt approval
The wholly owned subsidiary to focus
on the retail business B2C under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes and B2C segments in RE and Emerging RE sector including EVs, Energy Storage, Green Technologies, Sustainability, Energy Efficiency,
It’s one of the stocks where there is always some promising new development. Fortunately or unfortunately we are now in the phase of market where easy liquidity seems to be peaking and now valuations are in driving seat. We have already seen sharp corrections in many overvalued but darling stocks without any meaningful bounce back.
At 7 times book, those investing in IREDA now will have to brace for a long slog to get any meaningful return. Ireda might be a great company but so was (and is) Bajaj Finance in its heyday in 2021 commanding 12 times book and now at 6 times book stock still has very few takers.
The jump in Gross NPAs is a bit concerning? Any idea what asset slipped.
Didnt find any management interview either post the results explaining the jump in NPAs.
IREDA entered into a non-binding Joint Venture Agreement (dated January 15, 2025) for the development of the 900 MW Upper Karnali Hydro-Electric Power Project in Nepal.
This project involves collaboration with entities like GMR Energy Limited, SJVN Limited, and the Nepal Electricity Authority.
