Shares of IREDA surged 11.59 per cent to Rs 179.45 during the trading session on Monday, commanding a total market capitalization of more than 48,000 crore.
Under Ministry of New and Renewable Energy, IREDA posted a 77 per cent rise in net profit at Rs 355.54 crore during the quarter ended December 2023. It had reported Rs 200.75 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing.
State-owned Indian Renewable Energy Development Agency (Ireda) on Sunday reported an 83% jump in profit to ₹634 crore during the last financial year, the ministry of new and renewable energy said.