IREDA shares in focus after approving Rs 30,800 crore borrowing plan for FY26

Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Wednesday after the company approved a borrowing plan of Rs 30,800 crore for FY26, aiming to strengthen funding for renewable energy projects and support India's clean energy transition.

The IREDA board has sanctioned fundraising through various financial instruments, including bonds and loans. This move is expected to provide the necessary capital to accelerate renewable energy development and align with India's green energy targets.

As part of the plan, IREDA is considering issuing green bonds and securing foreign currency loans to diversify its funding sources. These instruments are expected to attract both domestic and international investors, reinforcing IREDA's commitment to financing sustainable energy projects.


Last week, the state-owned firm launched its first "perpetual bond" issue to raise Rs 1,247 crore. The bond carries an annual coupon rate of 8.4%. Perpetual bonds have no maturity date, offering continuous interest payments without redemption.

IREDA Shares Target Price

According to Trendlyne data, the average target price of the stock is Rs 209, which shows an upside of 23% from the current market price. The consensus recommendation from three analysts for the stock is a 'Buy.'

Technically, the stock's relative strength index (RSI) is at 58.4, indicating that it is neither in oversold nor overbought territory. Additionally, the MACD stands at -8.4, below its center line, signaling a bearish trend.

The stock is trading above its 5-day, 10-day, 20-day, and 30-day simple moving averages (SMAs) but remains below the 50-day, 100-day, 150-day, and 200-day SMAs.

IREDA Shares Performance

On Tuesday, IREDA shares closed at Rs 169.8, down 0.1% on the BSE, while the benchmark Sensex gained 0.04%. The stock has declined 24% in the past six months but surged 22.5% over the last 12 months. The company’s market capitalization stands at Rs 45,651 crore.

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