IREDA shares surge over 4% on govt nod for Rs 4,500 crore QIP

IREDA Share Price: Shares of Indian Renewable Energy Development Agency rose 4.4% on the BSE after receiving government approval to raise Rs 4,500 crore through a Qualified Institutions Placement. The company reported a net profit of Rs 384 crore for the June quarter, marking a 30% increase from the previous year.

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