Tag Green Energy

IREDA Ltd
IREDA Shares Surge 3.94% as Borrowing Limit Rises by ₹5,000 Crore for FY25

Business and Industry Overview: 

Indian Renewable Energy Limited (IREL) and the Indian Renewable Energy Development Agency (IREDA) are both working towards clean energy in India. IREL is a private company that focuses on solar energy projects and explores new investments in power generation. It helps set up rooftop solar plants and looks for ways to grow in the renewable sector. IREDA, on the other hand, is a government-backed financial institution. It provides loans and financial help to projects related to solar, wind, hydro, and energy efficiency. IREDA was set up in 1987 and works under the Ministry of New and Renewable Energy (MNRE). It ensures that businesses and individuals get funding to invest in green energy. The company also follows strict rules for ethical business, data security, and quality management. Both organizations aim to make renewable energy more affordable and accessible. They want India to use cleaner power sources, reduce pollution, and move towards a sustainable future. 

India’s renewable energy industry is growing very fast. The government wants to produce 500 GW of electricity from clean energy sources like solar, wind, and hydro by 2030. In 2023, India added 13.5 GW of renewable energy capacity. This was done with an investment of Rs. 74,000 crore (US$ 8.90 billion). India has a bigger plan to invest Rs. 9.22 lakh crore (US$ 109.50 billion) to build more energy infrastructure and meet the demand, which is expected to be 458 GW by 2032. 

The government is focusing a lot on solar energy. In the 2024-2025 budget, they increased the money for building solar power grids to Rs. 8,500 crore (US$ 1.02 billion), which is double what they spent the year before. The government is also supporting clean energy like green hydrogen and electric vehicles (EVs). Indian companies plan to invest Rs. 67,42,400 crore (US$ 800 billion) in these areas. 

The government is also helping farmers through the PM-KUSUM scheme, which gives money to farmers to set up solar pumps and solar power plants. This helps them with their farming and water needs. In Rajasthan, the government signed a deal with NTPC Green Energy to set up 28,500 MW of renewable energy projects. 

As of 2023, India is ranked 4th in the world for wind power, solar power, and overall renewable energy capacity. India is also a top leader in cutting down carbon emissions. It is one of the top three countries in the world for reporting and reducing carbon emissions. With more investments, clear government plans, and a focus on clean energy, India is becoming a leader in renewable energy and is moving towards a cleaner and more sustainable future. 

IREDA is a strong player in India’s renewable energy market. It gets a lot of support from the government, which helps it provide loans and funding for clean energy projects. IREDA has been around since 1987 and is known for helping build projects in solar, wind, and energy efficiency. It works closely with the government’s plans to increase clean energy in the country. IREDA also has a good reputation for being reliable and transparent in its work. As the demand for renewable energy grows, IREDA is in a good position to keep helping develop new energy sources, even though there are new private companies entering the market. 

Latest Stock News: 

Shares of Indian Renewable Energy Development Agency Ltd (IREDA) have dropped 53% from their highest value of Rs 310 in July 2024. The stock is now in the oversold zone, with an RSI (Relative Strength Index) of 26.6, meaning the stock could be undervalued. When the RSI is below 30, it shows the stock is oversold, and when it’s above 70, it’s overbought. On March 20, 2024, the stock went up by 4.12% to Rs 143.85, and the company’s market value is Rs 38,623 crore. 

The stock reached its lowest point in 52 weeks at Rs 124.50 on March 20, 2024, but experts see Rs 137 as a strong support level and Rs 145 as resistance. If the stock goes above Rs 145, it could rise to Rs 150 or even Rs 180 soon. 

IREDA is a government-run company under the Ministry of New and Renewable Energy (MNRE). It has been helping promote renewable energy and energy-saving projects for over 36 years. Recently, the company’s borrowing plan for 2024-25 was increased by Rs 5,000 crore to Rs 29,200 crore, which will help fund more projects. This news caused the stock to go up by 4.6%. 

However, IREDA also faced some challenges. The Reserve Bank of India (RBI) did not approve its request to invest in a 900 MW Hydro Electric Power Project in Nepal. Financially, IREDA saw a rise in Non-Performing Assets (NPAs), which went up by 30.4% to Rs 1,845.5 crore, and Net NPAs increased by 53.75%. But the company still reported a 39% increase in Net Interest Income (NII) to Rs 622.25 crore, and its net profit grew by 27% to Rs 425.4 crore. 

Even though the stock has fallen 35% this year, the company’s strong growth in profits and new borrowing plans show that it could recover and perform better in the future. 

IREDA is a government company that supports renewable energy projects in India. It plans to raise ₹29,500 crore this year to fund these projects. Of this amount, ₹25,000 crore will come from loans, and ₹4,500 crore will come from selling company shares. The company is seeking government approval to reduce its ownership by up to 10% to make this possible. 

IREDA also aims to increase its loan portfolio from ₹59,650 crore at the end of last year to over ₹85,000 crore by the end of this year. To maintain its strong financial rating, the company is working to keep a healthy balance between its loans and available capital. 

In September 2024, the Indian government announced plans to sell a 7% stake in IREDA through a share sale. This sale aims to raise up to ₹4,500 crore and will help fund clean energy projects across the country. 

Potentials: 

Looking ahead, IREDA is exploring international expansion opportunities. The company has submitted a draft Green Taxonomy to the Ministry of New & Renewable Energy, which is in an advanced stage. This initiative aims to increase funding for climate-related projects and attract global green investments. 

Overall, IREDA’s plans focus on raising funds, expanding its loan portfolio, maintaining a strong financial position, and supporting India’s renewable energy goals. 

Analyst Insights: 

  • Market capitalisation: ₹ 39,258 Cr. 
  • Current Price: ₹ 146 
  • 52-Week High/Low:₹ 310 / 124 
  • Stock P/E: 25.6 
  • Dividend Yield: 0.00 % 
  • Return on Capital Employed (ROCE): 9.30 % 
  • Return on Equity: 17.3 % 

IREDA has shown strong growth, with profits increasing by about 33.9% per year over the last five years. The company’s earnings and profits are rising, which suggests it’s doing well. Its revenue has also gone up a lot in the past year. But, the stock price is high compared to its earnings, meaning it might be expensive right now. Also, the company doesn’t pay dividends and has some issues with how it handles interest costs. Still, since IREDA is a leader in the green energy field and the government is pushing for more renewable energy, the company has good chances of continuing to grow. This makes it a Hold for now. 

Ola Electric's Ltd
India’s Booming Electric Scooter Market: Growth Trends & Ola Electric’s Stock Performance Amid Regulatory Challenges

Business and Industry Overview: 

The electric scooter market in India is growing very fast. In 2024, it was worth $1,680.24 billion. By 2025, it may grow to $2,238.95 billion. By 2034, it could reach $29,655.80 billion. The growth rate is 33.25% per year from 2025 to 2034. Many people prefer electric scooters because they save money, need less fuel, and do not cause pollution. The government supports this with tax benefits and subsidies. 

Electric scooters use different types of batteries. Lithium-ion (Li-ion) batteries are the most popular. They hold 72.47% of the market. These batteries last longer, charge faster, and must not be replaced often. Other battery types include lead acid and nickel metal hydride (NiMH). Scooters come with different voltages and power. The 60-72V category is growing the fastest. It gives a good balance between power and battery life. More people choose this type because it helps them travel longer distances. Better technology, government support, and better charging stations are helping this growth. 

There are two main types of motors in electric scooters. Hub motors are more popular than belt-drive motors. They need less maintenance, require hub motors, and give better power to the scooter. There are two types of buyers: private users and commercial fleets. Private users hold 70.65% of the market. More people are buying electric scooters for daily travel. This is because of high gasoline prices, government support, and better charging facilities. Many brands now offer different models for personal use. 

Scooters have different travel ranges. The 50-100 km range is the most popular. This range is best for daily travel in cities. It is also affordable and works well with existing charging stations. Scooters are also divided by price. There are budget scooters and premium scooters. Budget scooters sell more because they are cheaper. People prefer them over expensive electric motorcycles. Rising petrol prices, many available models, and government support help the budget scooter market grow. 

Many companies are making electric scooters in India. Some top brands are Hero Electric, Ather Energy, Okinawa Autotech, Bajaj Auto, TVS Motor Company, and Ola Electric. These companies compete in price, battery life, features, and service. Some new companies are also entering the market with new ideas and lower prices. Big developments are happening in the market. In August 2023, TVS launched a new electric scooter called TVS X for Rs. 2.50 lakh. In July 2023, Ather 450X became available with 100% financing, meaning buyers can get it with no down payment. In June 2023, TVS partnered with Zomato to supply 10,000 electric scooters for delivery services. In February 2023, Ola Electric announced it would build the world’s largest electric vehicle hub in Tamil Nadu, with an investment of $920 million. The market will keep growing. Companies are working on better batteries, more charging stations, and new technology like battery swapping and smart scooters. Electric scooters are becoming a popular choice for city travel. 

Latest Stock News: 

Ola Electric is an Indian company that makes electric vehicles (EVs). It started in 2017 and is part of Ola, the ride-hailing company. The company wants to replace petrol vehicles with electric ones to reduce pollution. It makes electric scooters like the Ola S1 Pro, S1 Air, and S1 X. These scooters run on batteries instead of petrol. Ola is also building fast-charging stations across India. The company has a big factory in Tamil Nadu, where only women work. It is also working on better batteries and plans to launch an electric car by 2026. Many big investors, like SoftBank and Hyundai, have funded Ola. The company is worth over $5 billion. It is one of the top EV companies in India. Ola’s goal is to make electric vehicles affordable and easy to use. However, it faces challenges like building more charging stations and improving battery technology. Despite this, Ola is working hard to make clean and green transportation the future of India. 

Ola Electric is in trouble because many of its showrooms do not have the certificate required to keep unregistered vehicles. In India, every showroom must have this certificate and display it. Government officials raided many showrooms, shut some down, took vehicles, and sent notices for breaking the rules. Out of 3,400 showrooms, only about 100 had the right certificate. The problem started in 2023, and fresh warnings came in March 2025. Ola said its experience centers are not selling directly, but the government is still checking. 

Ola has many other problems, too. Customers have complained about product quality and service. The company lost market share to Bajaj Auto and TVS Motor. Its electric motorcycle launch was late, and in March 2025, it removed over a thousand employees. These problems hurt its stock price. Since its stock started trading in August 2024, the price fell by more than 60% from the highest point. On March 10, 2025, Ola’s stock was ₹54.56, which was 3.50% lower than the previous day. 

Recently, Ola’s stock price fell to its lowest in one year because of issues with vehicle registration. The VAHAN portal showed that Ola’s registration numbers were low in February 2025. This happened because Ola is changing agreements with registration agents Rosmerta Digital Services and Shimnit India to reduce costs and make the process better. Ola said its registration numbers may stay low for now, but its sales are still strong. The stock price dropped to ₹58.50 but later recovered by more than 5%, reaching ₹61.59. Ola believes things will get better soon. 

Potentials: 

Ola Electric has big plans for the future. It wants to add 10,000 sales and service partners by the end of 2025. This will help improve customer support. The company is also building a large battery factory in Tamil Nadu. This factory will make its lithium-ion batteries. It will help reduce costs and improve efficiency. But the government sent a notice to Ola for missing a deadline in setting up this factory. 

Ola launched new electric motorcycles in August 2024. The models include “Roadster X” and “Roadster Pro.” These bikes can go up to 200 km on a single charge. Deliveries will start by March 2025. The company is working hard to improve its financial health. In the second quarter of 2024, its revenue grew by 39.1%. Its losses also reduced. 

Ola plans to introduce its batteries to save more money. The company has faced problems like customer complaints. It has also lost market share to Bajaj Auto and TVS. But Ola believes it can recover. It plans to expand its network, improve services, and launch new products. 

Analyst Insights: 

  • Market capitalisation: ₹ 23,572 Cr. 
  • Current Price:₹ 53.4 
  • 52-Week High/Low: ₹ 158 / 53.4 
  • Dividend Yield: 0.00 % 
  • Return on Capital Employed (ROCE): -32.1 % 

Ola Electric’s net loss in FY24 was ₹1,584 crores, and its operating profit margin (OPM) is negative (25%), showing it is not making profits yet. The return on capital employed (ROCE) is -32.1%, meaning it is not using its money efficiently. The stock is trading at 3.64 times its book value, making it expensive. The share price has fallen from ₹158 to ₹53.4, a 66% drop. Sales have grown from ₹1 crore in 2021 to ₹5,010 crores in 2024, but expenses are still higher at ₹6,276 crores. The company has high debt (₹5,684 crores) and a low interest coverage ratio, meaning it struggles to pay interest costs. While it is India’s top electric scooter brand, competition from Hero, TVS, and Bajaj is strong. Given its financial struggles, it is better to hold or sell rather than buy now. 

SJVN Ltd
SJVN Ltd Q3 Results: Net Profit Up 7%, Revenue Growth & Interim Dividend Declared

Business and Industry Overview: 

SJVN Limited is a Nava Ratna, Category-I, and Schedule ‘A’ Central Public Sector Enterprise (CPSE) under the Ministry of Power, Government of India, incorporated on May 24, 1988, as a joint venture between the Government of India and the Government of Himachal Pradesh. The company has a shareholder pattern of 64.46% from the Government of India, 25.51% from the Government of Himachal Pradesh, and 10.03% from the public, with a paid-up capital of Rs. 4,136.63 Crore and an authorized capital of Rs. 7,000 Crore. SJVN was conferred with Navratna status on August 30, 2024. Initially starting with the Nathpa Jhakri Hydro Power Station (1500 MW) in Himachal Pradesh, SJVN has since commissioned a total of 14 projects, amounting to 2467 MW of installed capacity. The company is currently implementing power projects across various states in India, including Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, Uttar Pradesh, Punjab, Gujarat, Arunachal Pradesh, Rajasthan, Assam, Odisha, Mizoram, and Madhya Pradesh, as well as in Nepal. A significant milestone includes the commissioning of the 400 kV double circuit Indo-Nepal Cross Border Power Transmission corridor on February 19, 2016, along with ongoing work on a 217 km long transmission line from Arun-3 HEP to the Indo-Nepal border. 

Latest Stock News: 

SJVN Ltd, a hydropower public sector unit, reported a 7% increase in consolidated net profit, reaching Rs 148.75 crore for the December quarter. This rise is attributed to higher revenues, as the company posted a net profit of Rs 138.97 crore during the same period last year, according to a filing with the Bombay Stock Exchange (BSE).  

Total income for the quarter rose to Rs 760.76 crore, up from Rs 607.72 crore in the previous year.  

The board of directors has also approved an interim dividend of Rs 1.15 per equity share for the 2024-25 financial year. The record date for the interim dividend is February 21, 2025, and dividend payments will commence from March 6, 2025, onwards. 

Currently, the company’s shares are trading 2.60% lower at Rs 90.22, with a dividend yield of 1.99%. 

Segmental information:

1. Electricity Generation: 

Hydroelectric Power: SJVN’s core competency lies in hydroelectric power generation. The company operates significant projects, including the 1,500 MW Nathpa Jhakri Hydro Power Station and the 412 MW Rampur Hydro Power Station, both located in Himachal Pradesh. These facilities harness river water to produce renewable energy. citeturn0search12 

Wind Power: Expanding into wind energy, SJVN has commissioned projects like the 47.6 MW Khirvire Wind Power Project in Maharashtra and the 50 MW Sadla Wind Power Project in Gujarat. These installations utilize wind resources to generate electricity. citeturn0search0 

Solar Power: SJVN has ventured into solar energy with projects such as the 75 MW Parasan Solar Power Project in Uttar Pradesh and the 5.6 MW Charanka Solar Power Project in Gujarat. These solar installations contribute to the company’s renewable energy portfolio. citeturn0search12 

2. Consultancy Services: Leveraging its expertise in power generation, SJVN offers consultancy services encompassing project planning, feasibility studies, engineering, procurement, construction management, and operational support. These services cater to other entities in the power sector, facilitating the development of energy projects.  

3. Power Transmission: SJVN is involved in the transmission of electricity, ensuring efficient delivery from generation sites to distribution networks. This includes the construction, operation, and maintenance of transmission lines and substations, playing a crucial role in the power supply chain. citeturn0search1 

4. Power Trading:To optimize its energy portfolio, SJVN engages in power trading activities. This involves the buying and selling of electricity, allowing the company to respond to market dynamics, balance supply and demand, and enhance revenue generation. citeturn0search1 

5. Project Development and Execution: Beyond operating existing facilities, SJVN is actively involved in developing new power projects. This includes identifying potential sites, securing necessary approvals, and overseeing the construction and commissioning of new power plants across various energy sectors.  

Subsidiary Information:

SJVN Arun-3 Power Development Company Pvt. Ltd. (SAPDC) : A wholly owned subsidiary established in Nepal for the implementation of the 900 MW Arun-3 Project and its associated transmission system. 

SJVN Lower Arun Power Development Company Private Limited (SLPDC) : A fully owned subsidiary created for the development of the 669 MW Lower Arun Hydro Electric Project (HEP) in Nepal. 

 SJVN Thermal Private Limited (STPL) : A wholly owned subsidiary formed for the execution of the 1320 MW Buxar Thermal Power Project in Bihar. 

SJVN Green Energy Limited (SGEL) : A fully owned subsidiary established to focus on capacity additions in new and renewable energy sources. 

Joint Ventures  

Cross Border Power Transmission Company Limited (CPTC) : A joint venture among IEDCL, Power Grid, SJVN, and NEA with equity participation of 38%, 26%, 26%, and 10%, respectively. This venture aims to construct and maintain an 86 km long, 400 kV double circuit (D/C) transmission line from Sursund on the India-Nepal border to Muzaffarpur. 

Q3 Highlights:

  • SJVN Ltd Q3 results: Net profit rises by 7% to Rs 149 crore on higher revenue 
  • The board of directors has also approved an interim dividend of Rs 1.15 per equity share for 2024-25. 
  • SJVN Ltd Q3 results Net profit rises by 7 to Rs 149 crore on higher revenue 
  • The board of directors approved an interim dividend of Rs 1.15 per equity share for the 2024-25 financial year. 

Financial Summary:

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 543.00 671.00 2,938 2,579 
Expenses 175 214 665 737 
EBITDA 368 457 2,273.00 1,843.00 
OPM 68% 68% 77% 71% 
Other Income 49 91 310 380 
Net Profit 139.00 149.00 1,359 911 
NPM 25.60 22.21 46.26 35.32 
EPS 0.35 0.38 3.46 2.32 
IREDA Driving India’s Renewable Energy Revolution
IREDA: Driving India’s Renewable Energy Revolution with Innovative Financing and Record Growth in Q3 FY25

IREDA Ltd: Overview 

Incorporated in 1987, Indian Renewable Energy Development Agency Ltd. (IREDA) is a Government of India enterprise operating under the Ministry of New and Renewable Energy (MNRE). It is a public financial institution primarily focused on promoting, developing, and financing renewable energy and energy efficiency projects across India. As a specialized institution, IREDA plays a pivotal role in India’s transition towards a sustainable and low-carbon economy by supporting the government’s renewable energy initiatives. IREDA has been instrumental in financing a significant portion of India’s renewable energy capacity, supporting the country’s ambition of achieving 500 GW of non-fossil fuel capacity by 2030.  India’s renewable energy sector is poised for exponential growth, driven by ambitious government targets, favourable policies, and technological advancements. With the push for green hydrogen, offshore wind projects, and large-scale solar parks, IREDA is positioned to play a critical role in financing and driving the nation’s green energy transformation. Its expertise and robust financial strategies make it a key player in India’s journey towards sustainable energy leadership. 

Business Segments:

  • Renewable Energy Financing: It provides financing to large-scale solar photovoltaic (PV) power plants, rooftop solar projects, and solar thermal systems. Supporting initiatives to generate energy from agricultural waste, municipal solid waste, and other biomass resources. Major segments were Solar Energy, Wind Energy Projects, Biomass Projects, Hydro Power projects, etc. 
  • Innovative Financing Solutions: It is a way of financing through issuing green bonds to raise funds for renewable energy projects, attracting both domestic and international investors, offering refinancing options for operational renewable energy projects to optimize capital structures or short-term funding solutions for projects awaiting long-term financing or subsidies from government schemes. 

Subsidiary Information:

  • IREDA Global Green Energy Finance IFSC Ltd: It is a wholly owned subsidiary operates from GIFT city Gandhinagar, Gujarat. Its mission is to provide finance and promote renewable energy projects, domestically and internationally, aligning with IREDA’s vision of expanding sustainable energy solutions. This entity is designed to manage retail business under schemes like PM-Suryaghar (Rooftop Solar) and PM-KUSUM, as well as B2C segments in renewable energy and emerging sectors, including electric vehicles, energy storage, green technologies, sustainability, and energy efficiency. 

Q3 FY25 & Business Highlights 

  • Revenue of ₹1698 crore in Q3 FY25 up by 35% YoY from ₹1253 crore in Q3 FY24.  
  • EBITDA of ₹548 crore in this quarter at a margin of 32% compared to 31% in Q3 FY24. 
  • Profit of ₹425 crore in this quarter compared to a ₹336 crore profit in Q3 FY24. 
  • IREDA signed MoU with SJVN and GMR for 900MW Hydropower Project in Nepal. 
  • Incorporation of IREDA Global Green Energy Finance IFSC Limited, a wholly owned subsidiary in GIFT City Gandhinagar for Foreign currency financing. 
  • The Renewable capacity of IREDA was 125GW in FY19 which has increased to 206GW in FY25, with highest share of solar power in capacity. 
  • The gross yield on loan assets has come to 9.96% and the cost of borrowing at 7.68%, which creates interest spread of 2.28%. 
  • The sector wise loan disbursement as on 31 December is majorly 26% solar, 15% wind, 12% hydro power18% loan facility to state utilities. 

Financial Summary 

INR Cr. Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 1253 1698 3483 4965 
Expenses 760 1032 2088 3164 
EBITDA 394 548 1163 1716 
OPM 31.0% 32.0% 33.0% 35.0% 
Net Profit 336 425 865 1252 
NPM 26.8% 25.0% 24.8% 25.2% 
EPS 1.25 1.58 3.78 4.66