New Delhi: Indian Renewable Energy Development Agency Ltd. (IREDA) conducted its 21st Stakeholders’ Interaction Meet virtually on Thursday, with Chairman and Managing Director (CMD) Pradip Kumar Das underscoring asset quality and good governance as the core pillars of the company’s growth strategy.
Addressing borrowers from across the renewable energy sector, Das emphasized that strong asset quality and qualitative governance are central to IREDA’s long-term vision. He welcomed the recent decision of the GST Council to reduce GST on renewable energy components from 12 percent to 5 percent, stating that the move would significantly lower project costs and make clean power more affordable for households, industries, farmers, and developers.
Highlighting organisational strengthening, Das informed that nearly 80 domain experts and professionals have been appointed to bolster leadership capacity and operational efficiency. He also noted that IREDA has established specialized divisions, including the Entity Appraisal Division, Stressed Assets Management, and Monitoring Division, to enhance governance and oversight.
The meeting featured presentations on IREDA’s financial performance, fundraising activities, and an Action Taken Report on suggestions from the previous interaction. It was revealed that several borrower-driven modifications in financing norms have already been implemented.
Borrowers expressed appreciation for IREDA’s proactive measures and offered fresh recommendations, reaffirming the agency’s role as a key catalyst in advancing India’s renewable energy ambitions.
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