Share of Indian Renewable Energy Development Agency Limited (IREDA) is currently trading at around Rs.232/-. Existing as well as Prospective Investors are asking for Indian Renewable Energy Share Price Target 2024,2025,2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Indian Renewable Energy Share Price Target 2025,2030,2035 & 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Indian Renewable Energy Development Agency Limited (IREDA):
Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned financial institution dedicated to promoting, developing, and financing renewable energy projects in India. Established in 1987, IREDA plays a crucial role in supporting India’s transition to clean energy by providing loans and financial assistance to renewable energy projects such as solar, wind, small hydro, and bioenergy.
Current Business Performance:
As of the latest financial reports, IREDA has demonstrated strong growth in its lending portfolio. The company’s total loan sanctions and disbursements have been increasing, reflecting rising demand for renewable energy projects in India. In FY 2022-23, IREDA sanctioned ₹33,931 crore worth of loans, representing a significant year-on-year increase. Its disbursements stood at ₹16,000 crore, driven by strong project execution in solar, wind, and other renewable energy sectors.
IREDA has also maintained a healthy asset quality, with a low non-performing assets (NPA) ratio of around 2%, reflecting the robust creditworthiness of the projects it finances. The company has raised capital through bonds and loans, and its AAA credit rating underscores its financial stability. IREDA’s revenue growth has been supported by rising interest income, as it continues to provide financing to a growing pipeline of clean energy projects.
Future Business Prospects:
The future outlook for IREDA is promising, supported by India’s ambitious renewable energy targets. The government aims to achieve 500 GW of non-fossil fuel-based power capacity by 2030. This transition toward a green economy opens immense opportunities for IREDA to expand its lending portfolio, as renewable energy developers seek financing to meet the growing demand for clean energy.
IREDA is also expected to play a critical role in financing emerging sectors like green hydrogen, energy storage systems, and offshore wind projects. Additionally, the government’s push toward electric vehicles (EVs) and energy efficiency projects further expands IREDA’s scope of operations.
In summary, IREDA’s current business performance is robust, and the agency is well-positioned to capitalize on India’s renewable energy expansion, making it a key player in financing the nation’s green energy transition in the coming years
Share Price Targets:
Indian Renewable Energy Share Price Target 2024
Based on the above discussion and analysis, the share price of Indian Renewable Energy is likely to touch the level of around Rs.255-260 in 2024
Indian Renewable Energy Share Price Target 2025
Based on the above discussion and analysis, the share price of Indian Renewable Energy is likely to touch the level of around Rs.285-300 in 2025
Indian Renewable Energy Price Target 2030
Based on the above discussion and analysis, the share price of Indian Renewable Energy is likely to touch the level of around Rs.475-500 in 2030
Indian Renewable Energy Price Target 2035
Based on the above discussion and analysis, the share price of Indian Renewable Energy is likely to touch the level of around Rs.775-800 in 2035
Indian Renewable Energy Price Target 2040
Based on the above discussion and analysis, the share price of Indian Renewable Energy is likely to touch the level of around Rs.1250-1300 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
Read Also:
How to make maximum profit with minimum investment from the Stock Market ? – MoneyInsight
Also Read :
How to make money from share market? (indiatimes.com)
Visit our Website regularly for more such Educational Research Articles:
MoneyInsight – We Provide Insight to Your Money
