Latest news with #38thAnnualGeneralMeeting
Time of India
4 days ago
- Business
- Time of India
IREDA loan book reached ₹79,941 cr in Apr-Jun quarter: CMD
New Delhi: State-owned IREDA's loan book reached reached ₹79,941 crore in the first quarter of FY2025-26, growing at a compounded annual growth rate of 29 per cent since 2020-21, its Chairman and Managing Director Pradip Kumar Das said on Thursday. The Indian Renewable Energy Development Agency (IREDA), under the Ministry of New and Renewable Energy (MNRE), provides financing for renewable energy and energy efficiency projects nationwide. IREDA has been instrumental in enabling the renewable energy transition with over ₹2.49 lakh crore sanctioned and ₹1.63 lakh crore disbursed as of Q1 FY26 (June 30, 2025), Das said, addressing the shareholders at the company's 38th Annual General Meeting (AGM). "Our loan book has grown at 29 per cent CAGR since FY21, and reached ₹79,941 crore in Q1 FY26. Operating profit has also shown strong momentum with a 49 per cent year-on-year (y-o-y) growth this quarter," he said. Das said IREDA is also expanding into emerging sectors such as green hydrogen , e-mobility, and ethanol, while consolidating company's leadership in traditional renewable energy sectors including solar, wind, hydro, biomass and cogeneration. PTI
Economic Times
4 days ago
- Business
- Economic Times
IREDA loan book reached Rs 79,941 crore in April-June quarter: CMD
ANI IREDA provides financing for renewable energy and energy efficiency projects nationwide. State-owned IREDA's loan book reached reached Rs 79,941 crore in the first quarter of FY2025-26, growing at a compounded annual growth rate of 29 per cent since 2020-21, its Chairman and Managing Director Pradip Kumar Das said on Thursday. The Indian Renewable Energy Development Agency (IREDA), under the Ministry of New and Renewable Energy (MNRE), provides financing for renewable energy and energy efficiency projects nationwide. IREDA has been instrumental in enabling the renewable energy transition with over Rs 2.49 lakh crore sanctioned and Rs 1.63 lakh crore disbursed as of Q1 FY26 (June 30, 2025), Das said, addressing the shareholders at the company's 38th Annual General Meeting (AGM)."Our loan book has grown at 29 per cent CAGR since FY21, and reached Rs 79,941 crore in Q1 FY26. Operating profit has also shown strong momentum with a 49 per cent year-on-year (y-o-y) growth this quarter," he said. Das said IREDA is also expanding into emerging sectors such as green hydrogen, e-mobility, and ethanol, while consolidating company's leadership in traditional renewable energy sectors including solar, wind, hydro, biomass and cogeneration.
News18
4 days ago
- Business
- News18
IREDA loan book reached Rs 79,941 cr in Apr-Jun quarter: CMD
Agency: PTI New Delhi, Aug 7 (PTI) State-owned IREDA's loan book reached reached Rs 79,941 crore in the first quarter of FY2025-26, growing at a compounded annual growth rate of 29 per cent since 2020-21, its Chairman and Managing Director Pradip Kumar Das said on Thursday. The Indian Renewable Energy Development Agency (IREDA), under the Ministry of New and Renewable Energy (MNRE), provides financing for renewable energy and energy efficiency projects nationwide. IREDA has been instrumental in enabling the renewable energy transition with over Rs 2.49 lakh crore sanctioned and Rs 1.63 lakh crore disbursed as of Q1 FY26 (June 30, 2025), Das said, addressing the shareholders at the company's 38th Annual General Meeting (AGM). 'Our loan book has grown at 29 per cent CAGR since FY21, and reached Rs 79,941 crore in Q1 FY26. Operating profit has also shown strong momentum with a 49 per cent year-on-year (y-o-y) growth this quarter," he said. view comments First Published: August 07, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
4 days ago
- Business
- Time of India
IREDA to expand into green hydrogen, e-mobility and ethanol sectors; disbursements at ₹1.63 lakh crore
New Delhi: Indian Renewable Energy Development Agency Ltd. (IREDA) will expand its operations into emerging sectors including Green Hydrogen, E-Mobility, and Ethanol while consolidating its leadership in the traditional renewable energy segments such as Solar, Wind, Hydro, Biomass, and Cogeneration, the company's Chairman and Managing Director Pradip Kumar Das said. Addressing the shareholders during IREDA's 38th Annual General Meeting (AGM) held via video conferencing from its Corporate Office, Das stated, 'IREDA is working towards expanding into emerging sectors such as Green Hydrogen, E-Mobility, and Ethanol while consolidating the company's leadership in traditional renewable energy sectors including Solar, Wind, Hydro, Biomass and Cogeneration.' He also emphasised the agency's efforts towards promoting ease of doing business through digitisation, automation and enhanced data analytics with an objective to improve employee productivity. 'The company is investing in automation and data analytics to improve employee productivity,' he said. Speaking on the financial progress, Das highlighted that IREDA has sanctioned over ₹2.49 lakh crore and disbursed ₹1.63 lakh crore as of the first quarter of FY26. 'With over ₹2.49 lakh crore sanctioned and ₹1.63 lakh crore disbursed as of Q1 FY26, IREDA has been instrumental in enabling the renewable energy transition,' he said. Das stated that the company's loan book has grown at a compound annual growth rate (CAGR) of 29 per cent since FY21 and reached ₹79,941 crore in the first quarter of FY26. He also informed that operating profit has shown a year-on-year growth of 49 per cent during the same quarter. He added that the Infrastructure Finance Company (IFC) status and Section 54EC tax exemption for bonds have further positioned the company for better investor engagement and improved funding mechanisms. 'IREDA's Infrastructure Finance Company (IFC) status and Section 54EC tax exemption for bonds have positioned the company for stronger investor engagement and competitive funding,' he said. The meeting was chaired by Pradip Kumar Das and attended by the Board of Directors and shareholders. During the meeting, Das addressed all shareholder queries, reinforcing the organisation's commitment to transparency and stakeholder engagement.
Time of India
25-04-2025
- Business
- Time of India
Tech Mahindra shares in focus after Q4 net profit spikes 76% YoY to Rs 1,167 crore
Shares of Tech Mahindra are likely to be in the spotlight on Friday after the IT services giant delivered a strong set of numbers for the fourth quarter, showcasing solid profit growth and a healthy operational performance. Tech Mahindra Q4 Results The company's consolidated net profit surged 76% year-on-year (YoY) to Rs 1,167 crore. Revenue from operations rose 4% YoY to Rs 13,384 crore. On a sequential basis, profit increased by 19%, while revenue saw a modest 1% rise. EBIT for the quarter climbed 48% YoY to Rs 1,405 crore and was up 4% QoQ. In constant currency terms, revenue was up 0.3% YoY but declined 1.5% QoQ. Dollar revenue stood at $1.5 billion, remaining flat compared to the previous year. For the full financial year ended March 2025, consolidated profit after tax jumped 80% YoY to Rs 4,252 crore, while revenue grew by 2% to Rs 54,988 crore. EBIT for the year rose 63% to Rs 5,138 crore. Tech Mahindra Dividend The company's board recommended a final dividend of Rs 30 per equity share (600%) with a face value of Rs 5 for the financial year ending March 31, 2025. The 38th Annual General Meeting (AGM) is scheduled for Thursday, July 17, 2025. If the AGM approves and declares the dividend, it will be paid by August 15, 2025. The record date for determining eligible shareholders for the dividend is Friday, July 4, 2025. Tech Mahindra Share Price Shares of the company rose 22% and outperformed its sector by 18% in the past year. Meanwhile, the stock offered 11% and 187% returns in the last three and five years, respectively. According to Trendlyne, Tech Mahindra has better one-year returns than Nifty50, Sensex, sector, and industry.
