In Short : The Indian Renewable Energy Development Agency celebrated its 40th Foundation Day, highlighting its achievements in financing renewable energy projects across India. CMD Pradip Kumar Das emphasized the importance of strong governance, skill development, and strategic expansion to support the country’s clean energy transition while strengthening IREDA’s role in accelerating sustainable and green […]
CMD, IREDA Highlights India’s Solar Leadership at World Economic Forum – EQ
In Short : The CMD of IREDA highlighted India’s growing global leadership in solar energy at the World Economic Forum, underscoring the country’s rapid capacity expansion, supportive policy framework, and innovative financing mechanisms. Emphasizing India’s role in the global energy transition, the address showcased how solar power is driving sustainable growth, investment confidence, and climate […]
IREDA Arm IGGEFIL Steps Global with First Overseas Green Energy Loan in Zambia – EQ
In Short : IGGEFIL, the international financing arm of IREDA, has sanctioned its first overseas green energy loan to support a solar power project in Zambia. The landmark transaction marks India’s expanding role in global clean energy finance and reflects growing confidence in Indian institutions to fund renewable projects beyond domestic borders while promoting sustainable […]
IREDA Q3 Results: Net Profit Jumps 37%, Loan Disbursements Rise 32% – EQ
In Short : Indian Renewable Energy Development Agency reported a robust financial performance in the third quarter, with net profit rising 37 percent year-on-year and loan disbursements increasing by 32 percent. The strong results reflect sustained demand for renewable energy financing, improved operational efficiency, and IREDA’s growing role in supporting India’s clean energy expansion. In […]
IREDA Secures ‘Excellent’ Rating for Fifth Consecutive Year in MoU Performance – EQ
In Short : The Indian Renewable Energy Development Agency has secured an ‘Excellent’ performance rating for the fifth consecutive year under its Memorandum of Understanding with the Government of India. This consistent achievement reflects IREDA’s strong operational efficiency, sound financial management, and continued commitment to supporting India’s renewable energy expansion and clean energy financing goals. […]
IREDA Posts Strong Provisional 9-Month Performance with 44% Growth in Disbursements, Loan Book Up 28% – EQ
In Short : IREDA’s provisional nine-month performance highlights strong financial momentum, marked by a 44% rise in disbursements and a 28% expansion in its loan book. The performance reflects growing demand for renewable energy financing, improved execution capabilities, and IREDA’s strengthening role as a key financial enabler of India’s clean energy transition. In Detail : […]
IREDA Reinforces Commitment to Renewable Energy Expansion in North-East: CMD – EQ
In Short : IREDA has reaffirmed its commitment to expanding renewable energy in India’s North-East region. CMD Pradip Kumar Das stated that the agency will boost financial and technical assistance for solar, hydro, and biomass projects. The initiative aims to promote sustainable growth, enhance energy access, and create employment opportunities across the region’s renewable energy […]
S&P Global Ratings Upgrades IREDA’s Long-Term International Credit Rating to ‘BBB’ with Stable Outlook – EQ
Indian Renewable Energy Development Agency Ltd. (IREDA) today received an upgrade in its longterm issuer credit rating from S&P Global Ratings, moving to ‘BBB’ from ‘BBB–’, with Stable Outlook. The short-term rating has also been revised to ‘A-2’ from ‘A-3’ This upgrade brings IREDA’s international credit rating in line with India’s sovereign credit rating, underscoring […]
CMD, IREDA Urges Focus on Community-Driven Clean Energy to Sustain India’s Renewable Momentum – EQ
In Short : IREDA CMD has called for greater focus on community-driven clean energy to sustain India’s renewable energy momentum. Emphasizing local engagement, he highlighted that decentralized projects and stakeholder participation can accelerate adoption, enhance sustainability, and ensure equitable benefits. Supporting both rural and urban clean energy initiatives is essential for maintaining India’s growth in […]
Q2 Results: IREDA Posts 41% Rise in Net Profit, 81% Growth in Loan Disbursements – EQ
In Short : IREDA delivered robust Q2 FY26 performance, recording a 41% surge in net profit to ₹549 crore and an 81% increase in loan disbursements to ₹8,062 crore. Loan sanctions jumped 145% to ₹21,408 crore, while the loan book expanded 31% to ₹84,477 crore, underscoring IREDA’s strong role in powering India’s renewable energy expansion. […]