In this article, we explore how IREDA’s dynamic financial support and strategic initiatives will help us to achieve IREDA share price target in upcoming years. IREDA stands for Indian Renewable Energy Development Agency Limited, a government enterprise under the Ministry of New and Renewable Energy (MNRE), Government of India. It was established in 1987 and plays a pivotal role in promoting, developing, and financing renewable energy projects in India. IREDA provides financial support to various renewable energy projects including wind, solar, hydro, biomass and energy conservation. It has expanded its scope to include technologies such as electric vehicles and energy storage. IREDA is registered with the Reserve Bank of India (RBI) as a non-banking public sector bank (NBFC). It is classified as a Mini Ratna (Category I) company, which provides it with some financial control for its efficient operation. IREDA plays a key role in helping India achieve its renewable energy targets, such as increasing the share of renewable fuels and meeting its commitments to international climate agreements such as the Paris Agreement.
IREDA Share Price Targets
Predicting the exact share price target for IREDA is challenging due to the various factors influencing stock prices, including market conditions, economic policies, government policies, and global events. However, analysts often provide a range of potential price targets based on current trends, financial performance, and future growth prospects.
IREDA Share Price Target 2025
In India, Renewable energy demand is rising day by day and company is consistently growing. If it shows continuous growth then by 2025 share price will be in a range of 360 to 400.
IREDA Share Price Target 2030
India aims to achieve 500 GW of total non-fossil fuel-based installed energy capacity by 2030. This includes renewable energy sources like solar, wind, hydropower, and biomass, as well as nuclear power. IREDA will play major role in this achievement and from this company will continue to grow with massive growth. By 2030, IREDA share price target will be in between 520 to 550.
IREDA Share Price Target 2035
By 2035, India will likely see substantial changes in its energy demand and mix, driven by multiple factors, including industrial growth, electrification of transport, and cleaner energy solutions. IREDA share price target by 2035 is anticipated to fall within the range of 750 to 800. The returns and growth will vary with the company results so analyst suggest to track quarterly results of company so we can calculate more accurate share prices.
IREDA Share Price Target 2040
By providing innovative financial solutions, IREDA seeks to accelerate the country’s transition to a sustainable energy future, reducing reliance on fossil fuels and supporting India’s climate commitments. If IREDA is able to make it then its share proce will fall within range of 1000 to 1050 by 2040 and that is massive growth for any company.
IREDA Share Price Target 2045
IREDA’s goal is to enhance renewable energy capacity, contribute to environmental sustainability, and foster economic growth by facilitating clean energy development and energy efficiency measures. To achieve this goal company will focus on expanding their business and it will automatically get reflected on share price. Analyst expects that by 2045 company share price will be in a range of 1250 to 1300.
IREDA Share Price Target 2050
By 2050, IREDA will become leading company in the renewable energy sector. IREDA share price target by 2050 will lie between 1500 to 1600. By considering current market price it will be almost 5x to 6x (times) growth within 25 years.
IREDA Shareholding
IREDA is a Public Sector Undertaking (PSU) under the administrative control of the Ministry of New and Renewable Energy (MNRE). The Government of India owns the entire (100%) shareholding of IREDA. To know more about IREDA’s quarterly results, upcoming projects and any latest news, you can visit to official site of IREDA.
IREDA Financial Details
- Market cap: ₹61,211.15 crore (As of Sept-2024)
- Price-to-earnings (P/E) ratio: 45.64
- Price-to-book (P/B) ratio: 7.15
- Dividend yield: 0.00%
- Earnings per share: ₹4.99
- Face value: ₹10.00
- Beta: 1.45
- 52-week low: ₹50.00
- 52-week high: ₹310.00
FAQ’s
- What is IREDA?
- The Indian Renewable Energy Development Agency (IREDA) is a public sector financial institution established in 1987 under the Ministry of New and Renewable Energy (MNRE) of the Government of India. Its primary mission is to promote and facilitate the development of renewable energy projects across the country.
- What is the main objective of IREDA?
- The main objective of the Indian Renewable Energy Development Agency (IREDA) is to focuse on promoting and supporting the growth of renewable energy in India.
- Who is the chairman of IREDA?
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The Chairman and Managing Director of the IREDA is Shri Pradip Kumar Das.
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- Where is the headquarter of IREDA?
- The headquarters of the Indian Renewable Energy Development Agency (IREDA) is located in New Delhi, India. The specific address is: IREDA Ltd. 1st Floor, August Kranti Bhawan, Bhikaji Cama Place, New Delhi – 110066, India
- When was IREDA established?
- The Indian Renewable Energy Development Agency (IREDA) was established on March 11, 1987. It was set up under the Ministry of New and Renewable Energy (MNRE) of the Government of India to promote, develop, and finance renewable energy projects across the country.
- IREDA’s recent projects and achievements?
- IREDA has made significant progress in driving the renewable energy industry in India in recent times. It has completed major investments, notably the world’s largest solar park in Pavagada, Karnataka, and several wind farms across the country. IREDA’s support also extends to new projects such as off-site facilities and biomass power plants. The organization has played a significant role in promoting the establishment of thousands of megawatts of renewable energy generation, contributing to India’s energy and security goals. In addition, IREDA has issued green bonds to support financing of clean energy projects, in addition to its commitment to sustainable development and environmental stewardship.
- How does IREDA contribute to India’s renewable energy targets?
- IREDA contributes to India’s renewable energy goals by providing the necessary financial support for the development and expansion of renewable energy projects. By providing loans, credits and new financial systems, IREDA is making large-scale use of solar, wind, hydro and biomass key to India’s goals. The fund facilitates the distribution of clean energy products, thereby increasing the integration of renewable energy into India’s energy mix. In addition, IREDA’s role in promoting investment, managing risk and promoting policy measures is aligned with the country’s goals to increase renewable energy and reduce carbon emissions, thereby furthering India’s commitment to sustainable development and security.
- What is the official website of IREDA?
- The official site of IREDA is https://www.ireda.in/
Disclaimer
The information provided in this article is for educational purpose only and does not constitute financial advice. Investors should research and consult with a financial advisor before making investment decisions. In this article we are just providing the expected result on the basis of past returns, so don’t consider it as a advise just learn from this article. To know more about investment and finances, Click here.