In Short : IREDA celebrated its 39th anniversary, highlighting its role in financing over 20 GW of renewable energy projects in India. The agency supports solar, wind, and emerging technologies like green hydrogen, aiming to help achieve India’s 500 GW renewable target by 2030. With ambitious plans, IREDA continues to drive sustainable energy growth, leveraging innovation and partnerships for a greener future.
In Detail : CMD Pradip Kumar Das shared notable achievements and outlined the company’s growth trajectory, emphasising IREDA’s ongoing contribution to India’s clean energy transition.
Record financial growth and strategic initiatives
Pradip Kumar Das highlighted IREDA’s strong financial performance, reporting a 31 per cent increase in Profit After Tax (PAT) to Rs 1,197 crore for FY 2024-25’s first nine months. The loan book expanded by 36 per cent, reaching Rs 68,960 crore by December 31, 2024.
He also noted IREDA’s prestigious ‘Navratna’ status and AAA ratings from leading domestic agencies, showcasing its growing strength in green financing.
Global expansion and future plans
Looking forward, Pradip spoke about IREDA’s global ambitions, including the establishment of its wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Ltd, at Gujarat’s GIFT City.
The company plans to expand its reach by launching a retail subsidiary to address the renewable energy sector. IREDA also plans to raise up to Rs 5,000 crore via QIP to enhance its green financing capacity.
Acknowledgment and commitment
IREDA’s achievements were acknowledged by key government officials, including Shri Pralhad Joshi and Shripad Naik. Pradip Das expressed gratitude for their guidance and praised IREDA employees for their dedication. He encouraged them to continue driving the mission of advancing India’s clean energy future.
