IREDA jumps up to 12.5% after receiving Navratna status

Share price of Indian Renewable Energy Development Agency Limited (IREDA) gained 12.5% to ₹192 on Monday, after receiving Navratna status from the Department of Public Enterprises (DPE). IREDA is engaged in promoting, developing and extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency or conservation.