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Renewable energy stocks were also in action since a slew of announcements by Finance Minister Nirmala Sithraman in her last budget of the Modi 2.0 government. Shares of Indian Renewable Energy Development Agency (IREDA), Waaree Renewable, Gensol Engineering, KPI Green Energy and Inox Wind were up 5% each. ....
Following the announcement, shares of Borosil Renewables, IREDA and Waaree Renewable Technologies scaled their all-time high of Rs 667.40, Rs 190.95 and Rs 4031.55, respectively, in the morning trade. Meanwhile, Tata Power also scaled its life-time high of Rs 396.40 during the trade.
The IREDA CMD says: “Having around 79-80% of the loan book in the private sector and that too continuously enhancing in that space as well as reducing NPA, we have that best quality appraisal, review monitoring and governance in place and in the time to come we are confident of maintaining that market share.” ....
In a separate statement, IREDA CMD Pradip Kumar Das said, "For investors and stakeholders, these results signal the promising trajectory of IREDA s contributions to India s energy transition and environmental sustainability." ....