New Delhi, March 17 -- Shares of Indian Renewable Energy Development Agency (IREDA) climbed nearly 2 percent in intra-day trading on Monday, March 17, as investors anticipated the outcome of the company's upcoming board meeting. The board is set to discuss a proposal for the enhancement of its borrowing plan for the financial year 2024-25.

"This is to inform you that the meeting of the Board of Directors of Indian Renewable Energy Development Agency Limited (IREDA) is scheduled to be held on Monday, March 17, 2025, inter-alia, to consider the proposal for enhancement of borrowing plan for FY 2024-25," it said in the regulatory filing.

Recently, IREDA disclosed that the Reserve Bank of India (RBI) did not approve its request to make an e...