IREDA marks 40th Foundation Day; CMD highlights governance, skill development and expansion plans 
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IREDA marks 40th Foundation Day; CMD highlights governance, skill development and expansion plans

IREDA on Wednesday celebrated its 40th Foundation Day at its Business Centre in New Delhi, commemorating nearly four decades of its contribution to renewable energy financing in India

PSU Watch Bureau

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) on Wednesday celebrated its 40th Foundation Day at its Business Centre in New Delhi, commemorating nearly four decades of its contribution to renewable energy financing in India.

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Addressing employees through a virtual platform, Pradip Kumar Das, Chairman and Managing Director of IREDA, reflected on the organisation’s journey and acknowledged the contributions of employees who have helped build the institution with dedication, professionalism and integrity over the years.

Das noted that IREDA’s journey over the past 39 years has witnessed several challenges and milestones, each offering valuable lessons. He highlighted that the last five to six years have been particularly transformative for the organisation, marked by strong growth along with significant improvements in systems, transparency and corporate governance standards.

Emphasising the role of human resources, the CMD said employees are the organisation’s greatest asset and stressed the need for regular training and capacity-building initiatives to enhance their skills. Strengthening employee capabilities, he said, would enable the organisation to contribute more effectively to the growth of the renewable energy sector.

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Das also pointed out that IREDA’s role is gradually expanding beyond domestic operations through IREDA Global Green Energy Finance IFSC Limited at GIFT City, which is expected to strengthen the institution’s footprint in international green financing.

Senior officials, including Dr. Bijay Kumar Mohanty, Director (Finance), attended the event. The CMD also expressed gratitude to the leadership of Ministry of New and Renewable Energy and other government stakeholders for their continued support in IREDA’s growth journey.

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