IREDA reports 38% rise in Q3 consolidated net profit [Finance]
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TL;DR
IREDA, a government-owned NBFC under MNRE, reported a 38% increase in its consolidated net profit for the third quarter. The company focuses on financing renewable energy and energy efficiency projects.
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Finance - NBFCFinanceIREDAQ3 net profitrenewable energygovernment enterprisefinancial results
The company is a Mini Ratna (Category - I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: ‘Energy For Ever’.