About Indian Renewable Energy Development Agency Limited

Indian Renewable Energy Development Agency Limited (IREDA) is a Navratna Central Public Sector Enterprise incorporated in 1987 and listed on NSE and BSE. It operates as a non-banking financial company focused on “Other Credit Granting,” accounting for 100% of its turnover, with operations spanning project conceptualisation to post-commissioning finance for renewable energy projects and equipment manufacturers. The company serves markets across India—Pan-India (28 States + 8 UTs)—with no exports contributing to turnover, and maintains 10 offices nationally. Its financing portfolio covers power generation and transmission, manufacturing, energy efficiency, refinancing of commissioned projects, production of first-generation ethanol, and Advanced Metering Infrastructure Service Provider (AMISP) projects; it has also extended supportive measures for MSMEs.

IREDA has 1 subsidiary as of March 31, 2025. Key milestones in the latest year include the grant of Navratna status by the Department of Public Enterprises on April 26, 2024; the launch of an IFSC subsidiary at GIFT City with IFSCA registration dated February 18, 2025 to provide foreign currency debt; and the fastest publication of audited annual and quarterly results among listed Banks & NBFCs with market capitalisation exceeding Rs 50 crore (FY 25 annual results within 15 days; Q3 FY25 within 9 days). IREDA also secured ISO 9001:2015 (BIS) and ISO 27001:2022 certifications (IQCS), and achieved the highest-ever annual loan sanctions and disbursements in FY 25.

Indian Renewable Energy Development Agency Limited’s Business Segments

• The company operates as a non-banking financial company focused on “Other Credit Granting,” accounting for 100% of its turnover. Its financing portfolio covers power generation and transmission, manufacturing, energy efficiency, refinancing of commissioned projects, production of first-generation ethanol, and Advanced Metering Infrastructure Service Provider (AMISP) projects.

Indian Renewable Energy Development Agency Limited Key Management

• Pradip Kumar Das – Chairman & Managing Director
• Dr. Bijay Kumar Mohanty – Director (Finance) and Chief Financial Officer
• Smt. Ekta Madan – Company Secretary & Compliance Officer

Latest Updates on Indian Renewable Energy Development Agency Limited

• Strategic status and ratings: Awarded “Navratna” status on April 26, 2024. Received international issuer rating of BBB- (long-term) and A-3 (short-term) with Stable outlook from S&P Global; domestic ratings upgraded/affirmed at AAA (Stable) across instruments by leading Indian agencies; PDI rated AA+ (Stable). Earned an ‘Excellent’ rating under the MoU with MNRE for FY 24.
• Capital and fund-raising: Equity shares allotted to Qualified Eligible Buyers, raising Rs 2,005.90 crore, as approved by shareholders on February 24, 2025; as on June 30, 2025, the paid-up equity share capital was Rs 2,809.23 crore and the Government of India holding was 71.76%. First-ever issue of Perpetual Debt Instruments of Rs 1,247 crore during FY 25.
• Expansion and platforms: IFSC subsidiary received IFSCA registration on February 18, 2025, to offer foreign currency debt for renewable energy, green hydrogen and equipment manufacturing; office opened in GIFT City, Gujarat.
• Programmes and recognitions: Appointed Implementing Agency for MNRE’s CPSU Scheme (Phase-II, Tranche-III), National Bioenergy Programme, PLI Scheme for high-efficiency solar PV modules (Tranche-I) and Generation Based Incentive Scheme. Recognised by the Economic Times as India’s 2nd highest value creator stock for the period November 2023–November 2024; fastest audited results publication benchmark among listed Indian Banks & NBFCs with market cap over Rs 50 crore. Under PM-KUSUM, sanctioned Rs 3,032 crore and disbursed Rs 761 crore in FY 25.