New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) organised a New Year 2026 get-together for its employees at the India Habitat Centre, New Delhi, on January 1, marking the start of the year with a focus on unity and renewed commitment.
The event was attended by the Ministry of New and Renewable Energy (MNRE) Secretary Santosh Kumar Sarangi, Joint Secretary J.V.N. Subramanyam, IREDA's Chairman and Managing Director (CMD) Pradip Kumar Das, Director (Finance) Dr. Bijay Kumar Mohanty, HUDCO CMD Sanjay Kulshrestha and other senior officials.
Addressing the gathering, Sarangi stressed the importance of team building and grooming young professionals as future leaders. He highlighted IREDA’s expanding role in the renewable energy ecosystem and underscored the need to enhance financial support to MSMEs and flagship initiatives such as the 'PM Surya Ghar' scheme. He also assured continued support from MNRE to IREDA.
Welcoming the MNRE leadership, Das extended New Year greetings to employees and highlighted the growth of IREDA’s workforce from 168 employees on January 1, 2025, to 227 employees in 2026. Women now account for about 23 percent of the total workforce, significantly higher than the CPSE average of 9.5 percent. He said the growth reflects the organisation’s focus on sound corporate governance and financial discipline.
Das also outlined IREDA’s financial performance, with cumulative loan sanctions of Rs 2.78 lakh crore, cumulative disbursements of Rs 1.81 lakh crore and a loan book of Rs 87,975 crore as on December 31, 2025 (provisional). He recalled key milestones, including the highest-ever profit after tax of Rs 1,699 crore in FY25 and the international credit rating upgrade by S&P Global Ratings.
In his vote of thanks, Director (Finance) Dr Bijay Kumar Mohanty appreciated employees for their teamwork and urged them to continue maintaining high standards of governance and efficiency.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)