On January 17, 2025, Ireda announced a non-binding joint venture agreement with several companies, including GMR Energy Ltd. and SJVN, regarding projects in Nepal. Additionally, India’s Department of Investment and Public Asset Management approved Ireda’s 5% equity investment in Nepal-based entities, following a Ministry of New and Renewable Energy recommendation on January 15, 2025. Ireda’s shares fell 0.2% to Rs 149.59, despite minor gains in the Nifty, while the stock has seen a 6% return over the past year. Analyst consensus suggests a price target of Rs 200, indicating a potential upside of 34%.