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. […]
IREDA Half-Yearly Performance: 86% Growth in Sanc ons, Loan Book Expands 31% to ₹84,445 Crore – EQ
In Short : IREDA showcased stellar half-yearly results for FY26, with loan sanctions soaring 86% and the loan book expanding 31% to ₹84,445 crore. Disbursements and project financing grew significantly, reflecting strong demand for renewable energy investments. The company’s performance reinforces its pivotal role in accelerating India’s green energy transition and promoting sustainable development across […]
IREDA Sees Strong Market Activity with 7.26 Million Shares Traded Amid Growing Renewable Energy Interest – EQ
In Short : Indian Renewable Energy Development Agency Ltd (IREDA) saw 7.26 million shares traded today, indicating strong investor interest in the renewable energy sector. The activity reflects confidence in IREDA’s role in financing clean energy projects and India’s growing commitment to sustainable energy. Market attention highlights the sector’s potential as the country accelerates its […]
IREDA Backs Insolation Energy with ₹1,134 Crore Loan to Build 4.5 GW Solar Cell Plant in Madhya Pradesh – EQ
In Short : IREDA has sanctioned a ₹1,134 crore loan to Insolation Energy for establishing a 4.5 GW solar cell manufacturing plant in Madhya Pradesh. This financing marks a major boost to India’s solar manufacturing capacity, supporting the nation’s renewable energy goals and reducing import dependence while strengthening domestic production of critical solar components. In […]
CMD, IREDA Calls for Innovative Financing Models to Fast-Track RE Growth at The Economic Times Rajasthan Business Summit 2025 – EQ
In Short : At the Economic Times Rajasthan Business Summit 2025, IREDA CMD Pradip Kumar Das emphasized the need for innovative financing models to accelerate renewable energy growth. Highlighting Rajasthan’s vast potential, he stressed collaboration between government, investors, and industry to scale up clean energy deployment. Das underlined that accessible financing will be key to […]
IREDA signs Performance MoU with MNRE, ₹8,200 Crore Revenue Target for FY 2025-26 – EQ
Indian Renewable Energy Development Agency Limited (IREDA) today signed a performance-based Memorandum of Understanding (MoU) with Ministry of New and Renewable Energy (MNRE), Government of India, outlining strategic targets for the fiscal year 2025-26. The MoU was signed by Shri Santosh Kumar Sarangi, Secretary, MNRE and Shri Pradip Kumar Das, Chairman & Managing Director, IREDA […]