Indian stock news
On July 13, 2026, Indian Renewable Energy Development Agency (IREDA) reported a robust 35% year--on--year increase in net profit to ₹520 crore for the first quarter of FY27. The company's loan book expanded to a record ₹65,000 crore, driven by aggressive disbursements in the solar and wind energy sectors. Additionally, the board approved a plan to raise ₹4,500 crore through a Follow--on Public Offer (FPO) to bolster its capital adequacy ratio and support future lending growth. The CMD stated, "Our consistent financial performance reflects the accelerating momentum in India's green energy transition and our commitment to maintaining a high--quality asset base."