Indian Renewable Energy Development Agency Limited (IREDA) held its 38th annual general meeting (AGM) through video conferencing from its corporate office today. The meeting was chaired by Mr. Pradeep Kumar Das, Chairman and Managing Director, and the board of directors and shareholders participated.
In his address, Mr. Das confirmed IREDA’s commitment to the creation of a green and self-sufficient India, citing the company’s important role in the financing of the renewable energy transition. He said, “Q1 FY26 as more than ₹ 2.49 lakh crore approved and ₹ 1.63 lakh crore, Ireda is playing an important role in enabling India’s clean energy growth,” he said
Highlighting the company’s strong financial foundation, Mr. Das said that Section 54 EC tax exemption for the status and bond of IREDA’s Infrastructure Finance Company (IFC) has enabled it to increase investors’ interest and competitive funding.
Major demonstrations shared in AGM include milestones:
1. FY21 to 29% Loan Book Growth on CAGR, Q1 FY26 reached ₹ 79,941 crore.
2. Operating Profit records 49% yoy growth in the latest quarter.
Looking further, Mr. Das underlined the long-term roadmap of IREDA, focusing on the
following:
1. Extension in green hydrogen, e-mobility, and ethanol.
2. To strengthen leadership in solar, wind, hydro, biomass, and co-production.
3. Promoting ease of trading through digitization.
4. To take advantage of automation and data analytics to promote employee productivity.
Strengthening the company’s culture of transparency, Mr. Das addressed the shareholders’ questions during the meeting, outlining the role of IREDA as a reliable partner in India’s renewable energy journey.
