IREDA shares in focus after filing insolvency plea against Gensol Engineering over Rs 510 crore default

Shares of Indian Renewable Energy Development Agency (IREDA) are expected to be in focus on Thursday after the company filed an insolvency petition against Gensol Engineering over a loan default of ₹510 crore. The power financier submitted the plea under Section 7 of the Insolvency and Bankruptcy Code, according to a stock exchange filing.