IREDA Share Price Target Tomorrow 2024 To 2030 – Prediction, Market Overview

Indian Renewable Energy Development Agency Ltd (IREDA) is a government-owned company that plays a vital role in promoting renewable energy in India. Established in 1987, IREDA focuses on providing financial assistance for renewable energy and energy efficiency projects, such as wind, solar, biomass, and small hydropower. IREDA Share Price on NSE as of 18 October 2024 is 215.99 INR. Here will provide you more details on IREDA Share Price Target 2024, 2025, 2026 to 2030.

Indian Renewable Energy Dev Agency Ltd: Market Overview

• Open Price: ₹215.89
• High Price: ₹221.00
• Low Price: ₹211.37
• Previous Close: ₹217.71
• Volume: 5,532,586
• Value (Lacs): ₹11,958.13
• VWAP: ₹215.92
• UC Limit: ₹261.25
• LC Limit: ₹174.16
• P/E ratio: 39.23
• Div yield: N/A
• 52-wk high: ₹310.00
• 52-wk low: ₹50.00
• Mkt cap: ₹58.09KCr
• Face Value: ₹10

Indian Renewable Energy Dev Agency Ltd Competitors

Here are five competitor companies of Indian Renewable Energy Development Agency Ltd (IREDA), along with their approximate market capitalizations (as of recent data):

1. Power Finance Corporation Ltd (PFC)
   • Market Capitalization: ~$9 billion
   • PFC is a leading financial institution in India that provides funding for the power sector, including renewable energy projects, making it a key competitor to IREDA.
2. Rural Electrification Corporation Ltd (REC)
   • Market Capitalization: ~$8.5 billion
   • REC offers financial support for power projects, including renewable energy initiatives, competing with IREDA in promoting green energy.
3. Tata Power Renewable Energy Ltd
   • Market Capitalization: Part of Tata Power Company Ltd (~$7 billion)
   • Tata Power’s renewable energy arm focuses on solar and wind energy projects, making it a competitor to IREDA in the renewable energy financing space.
4. Adani Green Energy Ltd
   • Market Capitalization: ~$38 billion
   • Adani Green is one of the largest renewable energy companies in India, focusing on solar and wind power, and competes indirectly by developing large-scale renewable projects.

5. SJVN Ltd

   • Market Capitalization: ~$3 billion
   • SJVN operates in the power generation sector, with a strong focus on renewable energy sources like hydro and solar power, making it a competitor to IREDA in the green energy space.

IREDA Share Price Chart

IREDA Share Price Target Tomorrow 2024 To 2030

IREDA Share Price Target 2024

IREDA share price target 2024 Expected target could be ₹324. Here are three key factors that could affect the growth of IREDA’s share price target for 2024:

• Government Policies and Incentives: IREDA’s growth is closely tied to government support for renewable energy. Favorable policies, tax incentives, and subsidies for clean energy projects will drive increased investments in renewable sectors, positively impacting IREDA’s business and share price in 2024.
• Increased Demand for Renewable Energy Projects: As India pushes for cleaner energy and targets ambitious renewable energy goals, the demand for funding in solar, wind, and other green energy projects will rise. IREDA’s role as a key financier for these projects could boost its loan disbursements, contributing to revenue growth and supporting its share price.

• Technological Advancements in Green Energy: The adoption of advanced renewable energy technologies, such as efficient solar panels and energy storage systems, will drive more project developments. IREDA’s ability to support such projects through financial assistance will strengthen its position in the industry, potentially increasing its market share and share price in 2024.

IREDA Share Price Target 2025

IREDA share price target 2025 Expected target could be ₹556. Here are three key factors that could affect the growth of IREDA’s share price target for 2025:

• Expansion of Renewable Energy Capacity: By 2025, India aims to significantly increase its renewable energy capacity, particularly in solar and wind. As a major financer of green energy projects, IREDA’s growth will be driven by its ability to support these expansions. More projects will mean greater demand for funding, positively influencing the company’s revenue and share price.
• Diversification of Green Energy Portfolios: IREDA’s focus on diversifying its funding across various renewable energy segments, including newer areas like hydrogen energy and electric mobility, could boost its market position. If it expands into emerging green energy technologies, it could attract more investments, which would support its share price growth in 2025.

• Global Climate Initiatives and Investments: International climate goals and increased global investment in green energy will create more opportunities for renewable energy projects in India. IREDA’s alignment with these global trends, especially if it partners with international investors or institutions, could enhance its funding capabilities, leading to higher revenues and a positive impact on its share price by 2025.

IREDA Share Price Target 2030

IREDA share price target 2030 Expected target could be ₹1259. Here are three key risks and challenges that could affect IREDA’s share price target for 2030:

• Policy Uncertainty and Regulatory Changes: IREDA’s growth is heavily dependent on government policies promoting renewable energy. Any significant policy shifts, reduction in subsidies, or delays in regulatory support for green energy projects could slow down project development and reduce the demand for IREDA’s financing, negatively impacting its share price by 2030.
• Competition from Private Sector Financiers: By 2030, competition from private sector financial institutions and global green energy funds may increase. If private players offer more competitive financing terms or innovative funding solutions, IREDA could face challenges in maintaining its market share, which could hinder its growth and affect its share price.

• Technological and Market Risks in Renewable Energy: Rapid changes in renewable energy technologies, such as advancements in energy storage, grid integration, or alternative green energy sources, could pose a risk if IREDA does not keep up with these innovations. Additionally, fluctuations in the global renewable energy market, supply chain disruptions, or cost overruns in projects could impact the profitability of the projects it finances, affecting IREDA’s financial health and share price.

Indian Renewable Energy Dev Agency Ltd Shareholding Pattern

• Promoters: 75%
• FII: 2.02%
• DII: 0.35%
• Public: 22.62%

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://www.ireda.in/

Indian Renewable Energy Dev Agency Ltd Financials

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