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Indian Renewable Energy Development Agency

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Indian Renewable Energy Development Agency Limited
IREDA
Company typePublic
Founded1987; 38 years ago (1987)
HeadquartersIndia Habitat Centre, East Court, Core-4A, 1st Floor, Lodi Road, New Delhi, India
Key people
  • Pradip Kumar Das (Chairman & MD)[1]
  • Bijay Kumar Mohanty (CFO)
RevenueIncrease ₹6,755 crore (US$800 million) (2025)
Increase ₹2,103 crore (US$250 million) (2025)
Increase ₹1,698 crore (US$200 million) (2025)
Total assetsIncrease ₹79,734 crore (US$9.4 billion) (2025)
Total equityIncrease ₹10,266 crore (US$1.2 billion) (2025)
OwnerGovernment of India (75%)[2]
Websitewww.ireda.in
Footnotes / references
Financials as of 31 March 2025.[3]

Indian Renewable Energy Development Agency Limited (IREDA) is an Indian public sector enterprise which provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency/conservation. Formed in 1987, IREDA is a Navratna organisation owned by the Government of India and administratively controlled by the Ministry of New and Renewable Energy (MNRE).[4]

In November 2023, IREDA went public with an initial public offering (IPO), listing on NSE and BSE.[2]

Operations

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Indian Renewable Energy Development Agency Limited[5] is a Public Limited Government Company and a Non-Banking Financial Institution[6] formed with the objective of promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.[7] It is under the administrative control of Ministry of New and Renewable Energy (MNRE).[8]

On 26 April 2024, IREDA was granted "Navratna" status by the Department of Public Enterprises (DPE).[9]

Objectives and policies

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  • Financing renewable energy projects.[10]
  • Supporting green power capacity.[11]
  • Financing the setting up of solar manufacturing units.[12]
  • Encourage the use of renewable energy to foster sustainable growth.[13]

References

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  1. ^ "Ireda sanctions highest-ever loan of Rs 24,000 cr in 2021-22 - ET EnergyWorld". ETEnergyworld.com. 5 April 2022. Retrieved 9 April 2022.
  2. ^ a b "IREDA's IPO offers a renewable play on climate needs, so does a crowd of peers". The Economic Times. Retrieved 16 January 2024.
  3. ^ "Financial Result Ending March - Consolidated Financial Statements" (PDF). IREDA. Retrieved 16 April 2025.
  4. ^ "IREDA granted Navratna Status by DPE".
  5. ^ vishal, Raval. "ireda-share-price-target-2025-a-comprehensive-analysis". bestnewsreport.com. Retrieved 19 July 2024.
  6. ^ "IREDA signs MOU with TANGEDCO in Green Energy projects". NewsOnAIR. 8 September 2021. Retrieved 17 April 2022.
  7. ^ "IREDA Registers All-Time High Half-Yearly PAT". Odisha News | Odisha Breaking News | Latest Odisha News. 13 November 2021. Retrieved 9 April 2022.
  8. ^ "Cabinet approves Rs 1,500 crore infusion in IREDA to boost renewable energy financing". The Indian Express. 19 January 2022. Retrieved 9 April 2022.
  9. ^ "IREDA spurts after achieving Navratna status". Business Standard. April 26, 2024.
  10. ^ "IREDA eyes Rs 2,749 cr revenue in 2021-22". The Economic Times. 15 February 2022. Retrieved 17 April 2022.
  11. ^ Team, ThePrint (2024-04-18). "IREDA sets up office in GIFT City to support green hydrogen and renewable energy projects". ThePrint. Retrieved 2024-05-25.
  12. ^ "IREDA calls solar module manufacturing bids under PLI scheme". mint. 11 June 2021. Retrieved 17 April 2022.
  13. ^ "IREDA holds Strategic Meet, outlines plans for Business Expansion and Cost Reduction". pib.gov.in. Retrieved 2024-02-03.
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