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Ireda Share Price Drops After RBI Rejects Nepal Investment Plan

Summary by NDTV Profit

Indian Renewable Energy Development Agency Ltd. share price traded lower on Monday after the Reserve Bank of India declined the request for investment in a mega hydro project in Nepal.The company said it will resubmit its application for the 900 megawatt Upper Karnali hydro electric power project.Ireda had received in-principle approval from its board in July last year to invest up to 10% equity estimated at around Rs 290 crore in GMR Upper Karn…

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Ireda Share Price Drops After RBI Rejects Nepal Investment Plan

Indian Renewable Energy Development Agency Ltd. share price traded lower on Monday after the Reserve Bank of India declined the request for investment in a mega hydro project in Nepal.The company said it will resubmit its application for the 900 megawatt Upper Karnali hydro electric power project.Ireda had received in-principle approval from its board in July last year to invest up to 10% equity estimated at around Rs 290 crore in GMR Upper Karn…

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NDTV Profit broke the news in 4 days ago on Monday, March 10, 2025.

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