The Indian Renewable Energy Development Agency Ltd. (IREDA) marked a success with achievement of a milestone. IREDA celebrated its 38^th Foundation Day on 11^th of March, 2024, reminiscing a 37 year old long Journey, An array of accomplishments were celebrated on this foundation day. The day was also used to present gratitude towards employees, stakeholders and business partners for their constant support. IREDA becomes the largest Pure Play Green Finance NBFC in the country.

The 38^th Foundation Day celebration was graced by Chairman & Managing Director Shri Pradip Kumar Das; Director (Finance) Dr. Bijay Kumar Mohanty; and Chief Vigilance Officer Shri Ajay Kumar Sahani, who addressed the employees highlighting the company’s achievements, challenges, and future endeavours.

CMD Shri Pradip Kumar Das expressed his happiness on the occasion, emphasizing the importance of celebrating achievements, reflecting on challenges, and charting the future course of action. He commended IREDA’s pivotal role in financing India’s energy transition, contributing significantly to national goals of energy security, climate action, and sustainable development.

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Highlighting a major accomplishment, the CMD informed that IREDA achieved an ‘Excellent’ rating under the MoU 2022-23, signed with the Ministry of New & Renewable Energy. He said that this recognition for the third consecutive financial year, with a score of 93.50 and a final rating of ‘Excellent’, reflects the company’s dedication, hard work, and commitment to excellence.

The CMD highlighted the launch of IREDA’s retail division, catering to diverse borrowers, particularly in sectors like Rooftop Solar and the PM-KUSUM scheme, underscoring a significant market segment for the company’s growth. He emphasized innovation as a core strategy, with a focus on introducing new financial products and on expanding presence in consortium financing and emerging green technologies.