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IREDA Approves Key Senior Management Appointments

Newsmantra — Wed, 10 Dec 2025 07:31:17 +0000

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has approved the appointment of key senior management personnel. Shri Tusarkant Parida has been appointed as Executive Director (Finance & Accounts), while Shri Jagdeep Singh has been appointed as General Manager (Finance & Accounts) of the Company.

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IREDA CMD Showcases India’s Green Growth Vision at SBI Banking & Economics Conclave

Newsmantra — Mon, 10 Nov 2025 10:09:40 +0000

Shri Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), participated in the 12th SBI Banking & Economics Conclave in Mumbai, themed “Navigating Climate Challenges through Sustainable Opportunities.” During the panel discussion, he highlighted IREDA’s crucial role in propelling India’s clean energy transition and reaffirmed its commitment to accelerating green investments. Noting that India has already achieved over 247 GW of renewable capacity—a threefold rise since 2014—Shri Das emphasized the nation’s steady progress toward the 500 GW non-fossil target by 2030, which will drive green jobs, innovation, and domestic manufacturing. He underlined renewable energy’s central role in decarbonization, spanning clean power, green hydrogen, energy storage, and e-mobility. Since 1987, IREDA has extended over Rs 1.7 lakh crore in financing support for emerging green technologies, while also advancing policy measures such as a national green taxonomy and concessional provisions to strengthen green financing frameworks in India.

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IREDA Half-Yearly Performance: 86% Growth in Sanctions, Loan Book Expands 31% to ₹84,445 Crore

Newsmantra — Wed, 01 Oct 2025 11:47:41 +0000

Bengaluru, October 1, 2025 : Indian Renewable Energy Development Agency Ltd. (IREDA) has continued its robust performance in the current financial year, registering a significant rise in its key business indicators for the half year ended September 30, 2025, based on provisional data.

Loan sanctions surged by 86% to ₹33,148 crore in H1 FY 2025-26, compared to ₹17,860 crore in the same period last year. Loan disbursements also recorded healthy growth, rising 54% to ₹15,043 crore from ₹9,787 crore in H1 of FY 2024-25. The company’s outstanding loan book stood at ₹84,445 crore as on September 30, 2025, reflecting a 31% increase over ₹64,564 crore in the corresponding period of the previous financial year.

Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said, “The momentum achieved in the first half of this financial year is a clear indication of IREDA’s continued leadership in renewable energy financing. We will build on this foundation to further scale up support for clean energy projects in alignment with the nation’s green energy goals.”

He expressed gratitude to the Hon’ble Union Minister for New & Renewable Energy; Hon’ble Minister of State for New & Renewable Energy; Secretary, MNRE; Board of Directors; and all stakeholders for their constant guidance and support. He also appreciated Team IREDA for their dedication and contribution towards sustaining continuous growth.

Figures are provisional and subject to audit.

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IREDA’s ‘Swachhotsav’ Drive Promotes Cleanliness and Sustainability

Newsmantra — Fri, 26 Sep 2025 05:04:40 +0000

Indian Renewable Energy Development Agency Ltd. (IREDA) organized a special drive, ‘Ek Taarikh, Ek Ghanta, Ek Saath’, at its Registered Office and nearby areas under Swachhata Hi Seva 2025. The campaign included cleanliness activities, felicitation of Safai Mitras with sanitary kits, and active participation of employees. CMD Shri Pradip Kumar Das highlighted the strong link between clean energy and cleanliness in building a sustainable future. As part of its 15-day Swachhotsav, IREDA is also conducting renewable energy awareness programs in schools, preventive health check-ups for Safai Mitras, and employee competitions to foster sustainability and community well-being.

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21st Stakeholders’ Meet: CMD, IREDA Calls Asset Quality and Good Governance Core to Growth

Newsmantra — Fri, 19 Sep 2025 13:00:03 +0000

Bengaluru, 19^th September 2025 : Indian Renewable Energy Development Agency Ltd. (IREDA) today conducted its 21st Stakeholders’ Interaction Meet through virtual conferencing, chaired by Shri Pradip Kumar Das, Chairman & Managing Director. The event saw active participation from borrowers across the renewable energy sector.

In his address, Shri Das urged business partners to maintain asset quality, stressing that qualitative governance remains central to IREDA’s long-term vision. Welcoming the reduction of GST rates on renewable energy components from 12% to 5% by the GST Council, he said the rationalization will lower project costs and make clean electricity more affordable for households, farmers, industries and developers.

Shri Das further highlighted organizational strengthening measures, informing that nearly 80 domain experts and professionals have been appointed to enhance leadership capacity and operational efficiency. He added that IREDA has also set up specialized divisions such as the Entity Appraisal Division, Stressed Assets Management, and Monitoring Division to further strengthen governance and operational efficiency.

The Stakeholders’ Meet also featured a presentation on IREDA’s financial performance, recent fundraising activities and an Action Taken Report from the previous interaction meet. It was shared that several modifications in financing norms have already been implemented based on borrower feedback.

Borrowers appreciated IREDA’s proactive approach and offered fresh suggestions to shape future initiatives, reaffirming the company’s role as a catalyst in achieving India’s renewable energy targets.

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CMD, IREDA Advocates Collaboration for India’s Ambitious Green Hydrogen Targets

Newsmantra — Mon, 07 Aug 2023 14:11:49 +0000

Shri Pradip Kumar Das, CMD , Indian Renewable Energy Development Agency (IREDA), addressing the inaugural session of the “Green Hydrogen Convention 2023” with his special address, held in Bhubaneshwar.

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