Thursday, July 7, 2022

Huge responsibility, says IREDA CMD after equity infusion of Rs 1,500 Cr

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New Delhi: Indian Renewable Energy Development Agency Limited's (IREDA) Chairman & Managing Director (CMD) Pradip Kumar Das while interacting with employees of the company on Thursday emphasized that the company does not endeavour to make a profit only, but to work in the larger interest of the renewable energy sector as the mother organisation. He also underlined that with an equity infusion of Rs 1,500 crore, the government has given a huge responsibility and big role to IREDA to further enhance its strength as the largest lender of green energy in the country.

IREDA CMD is his address said, “We are immensely thankful to Prime Minister, Finance Minister, Union Minister for Power and New & Renewable Energy, Union Minister of State for New & Renewable Energy and Chemicals & Fertilizers, Secretary of Ministry of New & Renewable Energy and Board of Directors of the company without whose support and guidance this wouldn’t have been possible.”

Das in his motivational address advised all employees on the main aim of the organisation focussing on the continuous system, policies, and quality improvement considering the ease of doing business in a transparent manner. IREDA is committed to working not only for clean energy but also to ensure clean corporate governance. He further also highlighted that during the last two years, IREDA has taken various initiatives in the larger interest of the renewable energy sector such as reduction in lending rates, fortnightly review meetings for monitoring & recovery, simplification of sanction and disbursement & documentation process, quarterly interaction with customers & business partners and introduction of several new financing schemes and products.

CMD also underlined that manpower is the most valuable asset for IREDA. Therefore, IREDA is committed to optimizing the potential of its human resource by introducing conducive work policies that facilitate work-life balance, thereby enabling the workforce to focus on the achievement of the company’s strategic goals by ensuring a high level of productivity. The company is continuously conducting lecture series and focused development training programs on a weekly and fortnightly basis with the help of in-house and external experts.

Das reaffirmed that post equity infusion, IREDA is fully geared to come out with the IPO. Concluding his address, he motivated all IREDANs to work with a consistent approach and with the vision of “Once IREDA, Always IREDA.”

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