New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has invited applications for the post of Chairman and Managing director. The CMD will be responsible for the efficient functioning of the Corporation, and for achieving its corporate objectives and performance parameters. As usual, the Chairman and Managing Director is the Chief Executive of the Corporation and accountable to its Board of Directors and Government of India/Shareholders.
What is IREDA
IREDA was incorporated under the Indian Companies Act, 1956 with the objective to promote, develop and extend financial assistance for setting up projects involving Renewable Sources of Energy. IREDA is a Schedule 'B' CPSE in the Financial Services sector with the administrative jurisdiction of the Ministry of New and Renewable Energy. IREDA is also registered with RBI as Non-Banking Financial Company (NBFC). IREDA has been conferred the status of Mini Ratna Category-I by the Government of India in June 2015. The company employed 165 regular employees (Executives:143, Non-executives: 22) as on 31.03.2019. The authorized and paid up share capital of the IREDA is Rs. 6000 crores and Rs. 784.60 crores respectively as on March 31, 2019. Its Registered and Corporate offices are at New Delhi. The shareholding of Government of India in IREDA is 100%.
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