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IREDA Share Price Shows Signs of Another Surge! Ready for Green Hydrogen Financing

पोस्ट को फेसबुक, ट्विटर या पिंटरेस्ट पर शेयर करने के 20-20 प्वाइंट

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IREDA stock news: With the growing emphasis on renewable energy projects and investments in green hydrogen, the IREDA share price is seeing a significant rise. IREDA is not only playing a crucial role in India but is also developing large hydropower projects in Nepal, strengthening its international presence. The company’s investments in green hydrogen indicate further potential for a surge in its share price in the coming days.

Highlights:

व्हाट्सप्प चैनल या व्हाटप्प ग्रुप में दिए गए कूपन कोड को डालें -

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  • IREDA signed an agreement for a 900 MW hydropower project in Nepal.
  • The company’s stock surged over 5%, reaching ₹237.99.
  • Focus on green hydrogen and green ammonia projects.
  • Committed to providing financial assistance for green hydrogen projects.
  • IREDA’s international expansion and new projects suggest future stock growth.
Key PointsDetails
IREDA’s Projects900 MW hydropower project in Nepal
Stock Surge5.88% increase, opening at ₹237.99
Closing Price₹235
Focus on Green HydrogenCommitment to financing clean energy projects
Project ExpansionInternational business growth
Future ProspectsInvestments in green hydrogen and green ammonia

IREDA Share Price Surge

900 MW Hydropower Project in Nepal

IREDA has entered into a significant agreement for a 900 MW hydropower project in neighboring Nepal. This project will not only accelerate Nepal’s hydropower development but also enhance energy cooperation between the two countries. For this project, IREDA has signed a Memorandum of Understanding (MoU) with SJVN Limited and GMR Energy Limited.

Also Read: Morgan Stanley’s Warning: A Major Crash Could Hit the Indian Stock Market, Know the 3 Reasons!

Pradeep Kumar Das, the Chairman and Managing Director of IREDA, described this agreement as a critical step towards regional energy cooperation and sustainable development. The project will strengthen IREDA’s international presence and contribute to its business expansion.

Stock Surge by Over 5%

Following the announcement of the hydropower project in Nepal, IREDA’s share price saw a sharp rise. On August 9, the stock closed at ₹224.78, but on August 10, it opened with a 5.88% increase at ₹237.99. However, it eventually closed at ₹235. On September 11, the stock opened at ₹236.55 but is currently trading at ₹230.07, down by 2.73%.

This surge is attributed to the company’s international investments and the promising hydropower project in Nepal.

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Focus on Green Hydrogen and Green Ammonia

IREDA recently participated in the second International Conference on Green Hydrogen, where the company showcased its commitment to India’s green hydrogen initiative. Pradeep Kumar Das, IREDA’s CMD, expressed pride in being a part of the country’s green hydrogen efforts and reaffirmed the company’s commitment to providing financial assistance for green hydrogen projects. This move will help India emerge as a global leader in clean energy.

Future Prospects

IREDA’s current and upcoming projects, particularly in the green hydrogen and hydropower sectors, will contribute significantly to the company’s growth. The expansion of these projects will strengthen IREDA’s international business, which is likely to reflect positively on its stock price in the near future.

Also Read: Adani Group Acquires Lanco Amar Kantak Power: 600 MW Thermal Power Plant Now Part of Its Portfolio

FAQ:

What is IREDA and what does it do?

IREDA is a government-owned company that provides financial assistance for renewable energy projects. The company plays a significant role in the development of renewable energy both in India and now internationally.

Why did IREDA’s share price increase recently?

The company’s share price surged by 5.88% following the announcement of a 900 MW hydropower project in Nepal.

What is IREDA’s role in green hydrogen?

IREDA is committed to providing financial assistance for green hydrogen projects, which will help India emerge as a global leader in clean energy.

What was the opening and closing price of IREDA shares?

On August 10, IREDA’s share opened at ₹237.99 and closed at ₹235.

What are IREDA’s future projects?

The company is focusing on green hydrogen, green ammonia, and hydropower development, with plans to expand its international presence.


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पोस्ट को फेसबुक, ट्विटर या पिंटरेस्ट पर शेयर करने के 20-20 प्वाइंट

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