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Navaratna PSU IREDA Pledges To Play Pivotal Role In Centre’s Goal Of Achieving 500 GW RE Capacity

IREDA's CMD, Mr. Pradip Kumar Das, reaffirmed the PSU's commitment to sustainable corporate governance, transparency, and accountability during its 16th Stakeholders' Interaction Meet
Indian Masterminds Stories

During its 16th Stakeholders’ Interaction Meet on May 4th at the India International Centre in New Delhi, the Indian Renewable Energy Development Agency Limited (IREDA) announced that it wishes to play a pivotal role in the Centre’s goal of achieving 500 GigaWatt of Renewable energy. 

IREDA’s Chairman & Managing Director (CMD), Mr. Pradip Kumar Das, reaffirmed IREDA’s commitment to sustainable corporate governance, transparency, and accountability. He emphasised the company’s dedication to tailoring financial products to sector requirements and its readiness to introduce new products based on partner feedback. Aligning with the vision outlined at COP26 by the Govt. of India, IREDA aims to play a pivotal role in achieving the ambitious target of 500 GW of installed electricity capacity from non-fossil sources by 2030. He also underscored the importance of facilitating ease of doing business and optimising IT infrastructure.

The Stakeholders’ Meet was graced with the presence of IREDA’s business partners spanning the renewable energy spectrum, including solar, wind, hydro, bioenergy, and new & emerging technologies. They lauded IREDA for achieving the prestigious “Navratna” status and for being the first NBFC to publish audited financial results in only 19 days.

Notably, this was the second in-person meeting out of 16, with 14 meetings conducted virtually. IREDA’s Director (Finance), Dr. Bijay Kumar Mohanty and other senior officials of IREDA also participated in the event.


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