IREDA shares surges over 3% amid launching perpetual bonds to raise Rs 1,247 crore

PSU Stock edging high: With a surge of 3.87% as of March 21, 2025, the Indian Renewable Energy Development Agency has been rather active. By 2.25%, this performance has let the stock outperform its sector. Reflecting a 4.47% increase, IREDA peaked intraday during the trading session at Rs 156.65.

With an 11.41% increase above the Sensex's 4.02%, the stock has done rather well over the past week. Its performance over the past month and quarter has been less than ideal, though; with falls of 12.05% and 24.46% respectively. While the Sensex just dropped 1.71%, IREDA has experienced a 27.59% loss year-to-date.

Why this PSU Stock is rising, here to know?

The Renewable Energy stock, IREDA has Launched its first-ever Perpetual Bonds to generate Rs 1,247 crore at an annual coupon rate of 8.40%. This crucial phase seeks to strengthen the capital structure of the business by leveraging present advantageous market conditions.

The money gathered from this bond project will boost Tier-I capital of IREDA. This will offer India's swiftly expanding renewable energy sector a more solid financial foundation. By strengthening its capital, IREDA will be able to sponsor green energy initiatives all throughout the nation more freely.

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Apart from this success, on March 19, 2025 IREDA got a tax refund of Rs 24.48 crore. The Income Tax Department issued the refund as partial relief directed by the Commissioner of Income Tax (Appeals) for the 2011-12 assessment year.

The return ties to several disallowances in that assessment year. Under process is also an expected return of roughly Rs 195 crore from IREDA. For Assessment Years 2010-11, 2012-13, 2013-14, 2015-16, and 2018-19 this level corresponds to comparable relief.