Indian Renewable Energy Development Agency Ltd. (IREDA) reported strong business performance for the nine months ended December 31, 2025, with healthy growth across key parameters. Loan sanctions rose 29% to ₹40,100 crore, while disbursements increased 44% to ₹24,903 crore. The outstanding loan book grew 28% to ₹87,975 crore. CMD Shri Pradip Kumar Das said the performance reflects growing confidence in IREDA’s financing capabilities and its pivotal role in driving India’s green energy transition.

The post IREDA Marks New Year 2026 with Employee Get-Together and Growth Outlook appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The post IREDA Approves Key Senior Management Appointments appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Speaking at the panel on “Green and Clean: Balancing Ecology & Economy,” CMD, IREDA emphasized that, from India’s perspective of RE development, decarbonisation and the energy transition, responsibility cannot rest only with leaders of the country or corporate leadership. Leaders at every level- States, districts, panchayats, villages, and even within families must collectively shoulder the responsibility of achieving net zero. He stressed that this can be realised only through a holistic approach that enables a robust ecosystem supporting both renewable-energy development and ecological balance.

He highlighted that IREDA, India’s largest pure-play green lender, has sanctioned over ₹2.7 lakh crore and disbursed more than ₹1.7 lakh crore nationwide, supported by robust governance, digital paperless processes, and industry- leading asset-quality. This performance, he noted, continues to attract substantial interest from global and domestic climate-finance investors.

Emphasising the growing importance of circular-economy practices, carbon markets, biodiversity offsets, and climate finance, Shri Das said these tools are now essential for achieving sustainable and inclusive economic growth. Odisha, a major steel and aluminium producer, is well positioned to adopt circular manufacturing, including metals recycling and green hydrogen integration, enabling the production of premium green steel for export and boosting state GDP.

He also highlighted the potential of a Green Hydrogen Highway across Odisha, supported by more than 7 MTPA of announced green ammonia capacity and several industrial clusters. Co-locating hydrogen production with steel, aluminium, cement, and chemical units, he said, could unlock significant industrial efficiency and competitiveness.

On carbon markets, he noted that Odisha’s extensive forests and India’s largest mangrove ecosystem provide unique opportunities for climate-finance mobilisation through advanced Monitoring, Reporting and Verification (MRV) and digital carbon registries.

Reaffirming IREDA’s commitment, Shri Das said the agency has already disbursed over ₹2,400 crore in Odisha, with a loan book of about ₹1,800 crore across Hydro, Solar, Ethanol, and Manufacturing. He added that IREDA stands ready to finance shared hydrogen infrastructure, plug-and-play RE parks, distributed solar, and foreign-currency loans through its GIFT City subsidiary.

“Circularity, climate finance, and nature-positive development must move together, IREDA stands ready to partner with Odisha to deliver sustainable, community-centred growth for the future,” he said.

The event was graced by the Hon’ble Deputy Chief Minister of Odisha, Shri Kanak Vardhan Singh Deo, and Shri Vishal Kumar Dev, Principal Secretary (Energy), Government of Odisha, along with senior officials from various states, developers, academia, researchers, and other dignitaries.

Along with Shri Das, the panel discussion featured Ms. Lena Backer, Former Enforcement Director, Government of Sweden and Chairperson for Life, The Royal Foundation for Peace Global Fund; Prof. Madhavi Srinivasan, Executive Director, Energy Research Institute, Nanyang Technological University, Singapore; and moderated by Dr. Dhruba Purkayastha, Advisor (Climate and Energy), Observer Research Foundation.

Organised by the Government of Odisha in association with the Tony Blair Institute for Global Change and IIT Kanpur, the summit was held from 5–7 December.

The post CMD, IREDA Highlights Balanced Pathways for Inclusive, Green Growth at Global Energy Leaders’ Summit 2025 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The post IREDA CMD Showcases India’s Green Growth Vision at SBI Banking & Economics Conclave appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Shri Das noted that India’s RE capacity has tripled since FY14 and is set to double again by FY2030, requiring an additional ₹28 lakh crore in investments.

With a vast RE potential, driven by Hydropower and Solar energy—the North-East stands poised to play a key role in India’s clean energy future. The North-East region has achieved significant progress in clean energy, with approximately 5 GW of renewable capacity — accounting for nearly 60% of its total installed power generation capacity.

IREDA has already sanctioned over ₹3,500 crore in financing to the region, offering concessional interest rates for RE projects, including a 50 basis points rebate for projects in the North-East and 50 basis points rebate for women-led projects. Under flagship schemes like PM-KUSUM and Rooftop Solar, IREDA has supported thousands of solar installations, including 3,800 solar pumps in Tripura and several rooftop projects across Assam.

Shri Das emphasized that with strengthened grid connectivity, targeted reforms, and innovative financing, the North-East can emerge as a green energy hub for India and beyond. “The North-East is our green frontier, IREDA is committed to empowering the region with clean, affordable, and reliable renewable energy”, he emphasized.

As a matter of fact, the majority of business vertical heads in IREDA as on date are from the Northeast, enabling a deeper understanding of local opportunities and challenges in renewable energy development.

The post IREDA Reinforces Commitment to Renewable Energy Expansion in North-East: CMD appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, 6^th October 2025 : Shri Shripad Naik, Hon’ble Union Minister of State for Power and New & Renewable Energy, today inaugurated the installation of a 45 kW On-Grid Solar Power System at a water pumping station in North Goa district under IREDA’s CSR initiative.

The post MoS Shri Shripad Naik Inaugurates IREDA’s 45 kW Solar CSR Project for Goa Water Supply appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

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.

The post IREDA Half-Yearly Performance: 86% Growth in Sanctions, Loan Book Expands 31% to ₹84,445 Crore appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The post IREDA’s ‘Swachhotsav’ Drive Promotes Cleanliness and Sustainability appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The MoU was signed by Shri Santosh Kumar Sarangi, Secretary, MNRE and Shri Pradip Kumar Das, Chairman & Managing Director, IREDA at Atal Akshay Urja Bhawan, New Delhi, in the presence of senior officials from MNRE and IREDA.

Under the MoU, the Government of India has set a Revenue from Operations target of ₹8,200 crores for FY 2025-26. IREDA had exceeded its Revenue from Operations target in FY 2024-25, achieving ₹6,743.32 crores against the target of ₹5,957 crores. The MoU also includes key performance parameters such as Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA, among other targets.

Expressing confidence in the company’s growth trajectory, Shri Pradip Kumar Das, CMD, IREDA, said: “With the hope for continuing excellent performance for this year also, we are committed to sustaining our track record of excellence. IREDA has earned an ‘Excellent’ rating in MoU performance for four consecutive years since FY 2020-21. For FY 2023-24 MoU rating, IREDA emerged as the top performer in the NBFC and Power sector and among the top four CPSEs across sectors, as per a list of 84 CPSEs issued by the Department of Public Enterprises.

The post IREDA signs Performance MoU with MNRE, ₹8,200 Crore Revenue Target for FY 2025-26 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Moderating the session, Shri Das was joined by eminent panelists—Shri Sarit Maheshwari, CEO of NTPC Renewable Energy Ltd, Shri Vivek Srivastava, CEO of WTG Division, Suzlon Energy and Shri Ashish Khanna, CEO of Adani Green Energy Ltd.

In his opening remarks, Shri Das highlighted India’s commendable progress in renewable energy, noting the country’s installed renewable capacity had reached an impressive 234 GW as of June 2025, positioning India as the world’s 4th-largest renewable energy market. He emphasized the importance of scaling renewable capacity to 485 GW by 2030, stressing the necessity to nearly triple current annual capacity additions—from approximately 20–30 GW to about 50–60 GW—to achieve these ambitious targets.

The panel addressed four key challenges to RE deployment: boosting domestic manufacturing through PLI and ALMM, streamlining land acquisition via single-window clearances, accelerating grid expansion with proactive planning and mobilizing ₹30–32 lakh crore investments through innovative financing to meet India’s 2030 renewable energy targets.

Shri Das underscored IREDA’s commitment to facilitating this transformation through innovative financing solutions and sector-specific strategies, reinforcing its role as India’s leading renewable energy financier.

The discussion concluded with a collective call for unified action and strategic collaboration among industry stakeholders, policymakers, and investors to sustain India’s momentum in renewable energy and lead the global energy transition.

The post CMD, IREDA Leads Insightful Panel at the 22nd Renewable Energy Summit 2025 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.