New Delhi: The Indian Renewable Energy Development Agency Ltd. (IREDA) is doubling down on its mission to lead India’s green energy revolution. At its 38th Annual General Meeting (AGM) held virtually today, CMD Pradip Kumar Das laid out a strong, future-focused vision that blends financial strength, technological innovation, and sustainability leadership.
Addressing shareholders from the company’s corporate headquarters, Das announced that IREDA has sanctioned over ₹2.49 lakh crore and disbursed ₹1.63 lakh crore as of the first quarter of FY26, reinforcing the company’s pivotal role in India’s renewable energy growth.
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Financial Highlights That Speak Volumes
- Loan book hits ₹79,941 crore in Q1 FY26 — up 29% CAGR since FY21
- Operating profit surges 49% YoY
- Gains from IFC status and Section 54EC tax-exempt bonds position IREDA for broader investor confidence
“IREDA is not just financing projects — it’s financing a green future for India,” said CMD Das.
Expanding the Green Frontier
In line with national clean energy targets, IREDA is expanding its portfolio beyond conventional renewable sectors (solar, wind, hydro, biomass) into:
- Green Hydrogen
- E-Mobility
- Ethanol and Bioenergy
- Pumped Storage and Advanced Battery Projects
Das emphasized digitization, data-driven decision-making, and simplified processes to improve ease of doing business and internal efficiency.
Looking Global
IREDA’s upcoming GIFT City-based subsidiary will open new global financing windows — especially in green hydrogen and manufacturing-linked renewables. This move aims to bolster India’s role in the global green energy economy and support exporters in the clean tech space.
Trust, Transparency, and Shareholder Confidence
The AGM also reinforced IREDA’s commitment to corporate governance. CMD Das personally responded to shareholder questions live, demonstrating transparency and confidence in the agency’s direction.
About IREDA
Indian Renewable Energy Development Agency Ltd. (IREDA) is a Public Sector Undertaking (PSU) under the Ministry of New and Renewable Energy (MNRE). Established in 1987, IREDA serves as the country’s leading financial institution dedicated to renewable energy, having financed over 3,100 clean energy projects. With its recent Navratna status, IREDA continues to power India’s transition to a sustainable and self-reliant energy future.
