IREDA committed to build a green and self-reliant India: Pradip Kumar Das

Indian Renewable Energy Development Agency Ltd. (IREDA) held its 38th Annual General Meeting (AGM) chaired by CMD, Pradip Kumar Das.

Indian Renewable Energy Development Agency Ltd (IREDA) has achieved a record breaking loan disbursements in first quarter of this fiscal. The figure stands at ₹1.63 lakh crore. Also, the government agency sanctioned over ₹2.49 lakh crore loans affirming its commitment to build a green and self-reliant power landscape in the country. This was revealed in the 38th Annual General Meeting (AGM) of IREDA at the agency’s corporate office.  

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While, chairing the meeting via video conference CMD, IREDA Pradip Kumar Das said, “With over ₹2.49 lakh crore sanctioned and ₹1.63 lakh crore disbursed as of Q1 FY26, IREDA has been instrumental in enabling the renewable energy transition. Our loan book has grown at 29 per cent CAGR since FY21 and reached ₹79,941 crore in Q1 FY26. Operating profit has also shown strong momentum with a 49 per cent YoY growth this quarter.”

Das also highlighted that IREDA’s Infrastructure Finance Company (IFC) status and Section 54EC tax exemption for bonds have positioned the company for stronger investor engagement and competitive funding. IREDA’s expansion into emerging sectors such as green hydrogen, e-mobility, and ethanol, while consolidating the company’s leadership in traditional renewable energy sectors including solar, wind, hydro, biomass and cogeneration. The focus is on enhancing business efficiency through digitisation, automation, and data analytics to boost employee productivity. Das addressed all shareholder queries during the meeting, reinforcing transparency and trust.