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Dr. Bijay Kumar Mohanty Assumes Additional Charge as CMD of IREDA

Newsmantra — Thu, 02 Jul 2026 07:50:58 +0000

NEW DELHI. Dr. Bijay Kumar Mohanty, Director (Finance) of Indian Renewable Energy Development Agency Ltd. (IREDA), has assumed the additional charge of Chairman & Managing Director (CMD). The Ministry of New & Renewable Energy has entrusted him with the responsibility for a period of three months, or until a regular CMD is appointed or further orders are issued, whichever is earlier. He succeeds Pradip Kumar Das, who retired as CMD on June 30.

Dr. Mohanty has been serving as Director (Finance) since October 2023 and as Chief Financial Officer of IREDA shortly thereafter. With over 27 years of experience in the renewable energy and power sectors, he has held key positions at IREDA, REC Limited, REC Power Development and Consultancy Limited (RECPDCL), CESCO, and GRIDCO. A highly qualified finance professional, he holds multiple postgraduate degrees, a law degree, and a Ph.D. in Commerce, and is widely recognised for his expertise in project financing, renewable energy, and power sector development.

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.

IREDA CMD Showcases India’s Green Energy Leadership

Newsmantra — Fri, 29 Aug 2025 06:54:05 +0000

JAIPUR. Shri Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), underscored India’s strong progress in the green energy transition while speaking at a panel discussion on “Green Transition Innovative Development and Financial Models for Renewable Energy” during The Economic Times Rajasthan Business Summit at the Marriott Hotel, Jaipur. He highlighted that India’s renewable energy capacity crossed 237 GW by July 2025, with non-fossil sources contributing half of the nation’s installed power capacity. Shri Das noted that with over 60 players winning utility-scale tenders in FY25, the market has deepened significantly. Achieving the ambitious 485 GW renewable energy target by 2030, he stressed, will require adding nearly 50 GW annually, supported by a strong domestic manufacturing ecosystem, timely grid upgrades, and sustained investment inflows.

Pointing to a global shift in investor sentiment, Shri Das said renewables are now seen as a mainstream growth engine for India, as evidenced by oversubscribed IPOs, record foreign direct investment inflows that have grown 2.5 times in three years, and rising retail investor participation. He emphasized that accelerating India’s clean energy momentum demands faster credit appraisals, innovative financing models across the entire renewable energy value chain, and deeper collaboration among policymakers, PSUs, investors, and industry leaders. Shri Das also joined a high-level roundtable chaired by Chief Minister Shri Bhajan Lal Sharma on “Powering the Future: Investment and Financing Pathways for Renewable Energy in Rajasthan,” which focused on PSU-led measures to de-risk projects and expedite renewable energy deployment in the state.

IREDA CMD Honoured with ‘CMA ICON 2025’ Award

Newsmantra — Tue, 24 Jun 2025 09:51:08 +0000

Shri Pradip Kumar Das, CMD of Indian Renewable Energy Development Agency Ltd. (IREDA), has been conferred with the prestigious ‘CMA ICON 2025’ award. The recognition was presented by Shri Sadanand Date, DG, National Investigation Agency (NIA), during the 12th National Students’ Convocation – 2025 of The Institute of Cost Accountants of India at New Delhi.

IREDA CMD Calls for Excellence in Corporate Governance

Newsmantra — Mon, 04 Nov 2024 09:34:58 +0000

Indian Renewable Energy Development Agency Limited (IREDA) marked the conclusion of its Vigilance Awareness Week 2024 with a valedictory ceremony at its Registered Office. The event was attended by several esteemed officials, including Pradip Kumar Das, CMD , and Ajay Kumar Sahani, Chief Vigilance Officer, alongside Nitin Kumar, Joint Secretary of the Central Vigilance Commission (CVC), who served as the Chief Guest. During the ceremony, CMD Das emphasized IREDA’s innovative approaches to preventive vigilance, notably its pioneering Whistle Blower Portal launched in 2021 and the subsequent Complaints Portal in 2022, aimed at enhancing transparency and efficient complaint handling.

Nitin Kumar shared insights on the CVC’s role, highlighting the significance of Preventive Vigilance in combating corruption through both preventive and punitive measures. The event also saw the release of IREDA’s in-house vigilance journal, ‘Pahal,’ symbolizing its steadfast commitment to fostering vigilance awareness and integrity. The Vigilance Awareness Week, observed from October 28th to November 3rd, included various workshops, seminars, and competitions, all designed to promote a culture of integrity and transparency among IREDA employees.

IREDA CMD Advocates for Innovative Financing to Bridge Green Hydrogen Cost Gap

Newsmantra — Mon, 16 Sep 2024 06:34:47 +0000

Pradip Kumar Das, CMD, Indian Renewable Energy Development Agency Limited (IREDA), participated in a panel discussion on “Financing Green Hydrogen: Bridging the Cost Gap” at the 2nd International Conference on Green Hydrogen held at Bharat Mandapam.”