Share of Indian Renewable Energy Development Agency Ltd (IREDA) is currently trading at around Rs.132/-. Investors are asking for IREDA Share Price Target from 2024 to 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 IREDA Share Price Target from 2024 to 2040.
Following are the frequently asked questions by the existing as well as prospective investors, about Indian Renewable Energy Development Agency Ltd (IREDA):
- Is IREDA a good investment?
- What is the target price of IREDA share in 2024?
- Is IREDA a good buy for long term?
- What is the prediction of IREDA?
Discussion & Analysis of Business & Financial performance with future business prospects of Indian Renewable Energy Development Agency Ltd (IREDA):
The Indian Renewable Energy Development Agency Ltd (IREDA) stands at a crossroads of opportunity. As India pushes towards ambitious renewable energy targets, IREDA, the country’s leading green financier, is poised for significant growth. Here’s a glimpse into IREDA’s promising future:
Tailwinds for Growth:
- Soaring Demand: India aims to achieve 450 GW of renewable energy capacity by 2030. This translates to massive investments, estimated at ₹30-32 lakh crore (US$420-450 billion) by industry experts. IREDA, as a specialized green financier, is well-positioned to tap into this burgeoning demand.
- Government Backing: The Indian government actively supports IREDA. The recent “Excellent” rating under the MoU 2022-23 by the Ministry of New and Renewable Energy (MNRE) underscores IREDA’s crucial role. Additionally, the recommendation for “Navratna” status, the highest category for Public Sector Enterprises (PSEs), signifies potential for greater financial autonomy and growth.
- Expanding Products and Reach: IREDA is actively innovating. The launch of its retail division caters to diverse borrowers, particularly in rooftop solar and the PM-KUSUM scheme, expanding its market reach.
Strategic Advantages:
- Experience and Expertise: With over 36 years of experience, IREDA brings a wealth of knowledge and expertise to the renewable energy sector. This established track record inspires trust among investors and project developers.
- Strong Financial Performance: IREDA boasts impressive financial health. Their consistent growth, low net NPA ratio, and “highest ever sanction” in 2022-23 demonstrate financial strength, crucial for attracting new business.
- Focus on Innovation: IREDA’s commitment to innovation, evident in the introduction of new financial products like consortium financing, allows them to cater to diverse project needs and remain competitive.
Challenges and Opportunities:
- Competition: The growing renewable energy market will attract new players. IREDA must continuously enhance its offerings and service delivery to retain its competitive edge.
- Policy Uncertainty: Regulatory changes can impact project viability. IREDA needs to maintain agility and adapt its strategies to navigate evolving policy landscapes.
- Emerging Technologies: The renewable energy sector is witnessing rapid technological advancements. IREDA can capitalize on this by developing financing solutions for emerging technologies like storage and green hydrogen.
Looking Ahead:
IREDA’s future hinges on its ability to leverage its strengths and address emerging challenges. Here are some key strategies for success:
- Deepening Market Penetration: IREDA can expand its reach beyond traditional players by focusing on smaller developers and geographically diverse projects.
- Partnerships and Alliances: Collaboration with international funding agencies and private equity firms can unlock new sources of capital and expertise.
- Green Bond Issuance: Exploring green bond issuance can diversify IREDA’s funding sources and enhance its profile as a leader in sustainable finance.
Conclusion:
The Indian renewable energy sector’s future is bright, and IREDA is well-positioned to be a key driver. By capitalizing on its experience, strong financials, and innovative spirit, IREDA can secure a leading role in financing India’s clean energy transition. As India strives for energy security and a sustainable future, IREDA’s success will be intertwined with the nation’s green ambitions.
Share Price Targets:
IREDA Share Price Target 2024
Based on the above discussion and analysis, the share price of Patel IREDA is likely to touch the level of around Rs.145-150 in 2024
IREDA Share Price Target 2025
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.157-165 in 2025
IREDA Share Price Target 2026
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.176-180 in 2026
IREDA Share Price Target 2027
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.195-200 in 2027
IREDA Share Price Target 2028
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.215-220 in 2028
IREDA Share Price Target 2029
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.240-245 in 2029
IREDA Share Price Target 2030
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.260-265 in 2030
IREDA Share Price Target 2035
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.395-400 in 2035
IREDA Share Price Target 2040
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.695-700 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.
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