IREDA Share Price Surges 8.4%, Reaches 3-Week High; Rebounds 21% in March

• IREDA’s share price surged by 8.4% to ₹167.90, hitting a 3-week high with strong trading volumes.
• The state-owned green financing NBFC had its biggest weekly gain of the year last week, climbing nearly 11%.
• The surge follows the company’s successful launch of perpetual bonds worth ₹1,247 crore at an 8.40% annual coupon rate.
• Additionally, IREDA received a ₹24.48 crore tax refund from the Income Tax Department.
• The company is also awaiting a ₹195 crore refund related to previous assessment years.