IREDA shares surge 6% on strong Q4 earnings

IREDA share price movement On Wednesday, April 16, 2025, shares of Indian Renewable Energy Development Agency (IREDA) experienced a significant uptick, rising 6.61 per cent to reach an intraday high of Rs 179 on the NSE. This marks the third consecutive session of gains, with the stock accumulating a total return of 17.55 per cent over this period. IREDA is a public sector enterprise under the Ministry of New and Renewable Energy. It acts as a non-banking financial company (NBFC) that provides loans and financing solutions for renewable energy and energy efficiency projects across India. Its core mission is to promote clean energy by enabling financial access for wind, solar, hydro and other green initiatives. Q4 FY25 financial highlights IREDA's share price rally aligns with its recently announced Q4 FY25 results, which showcased a 49 per cent year-on-year increase in conso