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Expansion: IREDA opens its third branch office in Mumbai

Indian Renewable Energy Development Agency Limited (IREDA) has opened its branch office in Mumbai for the facilitation of its customer, borrowers and other stakeholders. It is the third branch office of the company in the country

IREDA opens branch office in Mumbai

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has opened its third branch office in the country in Mumbai for facilitation of its customer, borrowers and other stakeholders. The agency, a Miniratna PSU under the administrative control of Ministry of New and Renewable Energy (MNRE), already has two branch offices in Chennai and Hyderabad.

IREDA's Chairman & Managing Director (CMD) Pradip Kumar Das opened the new office of the company in Andheri East, Mumbai on September 26, in the presence of IREDA's Director (Technical) Chintan Shah borrowers and other senior officials. Speaking on the occasion, CMD said, “Mumbai branch is an important step towards realizing the company’s vision for expansion of business. It will provide the easy access and services to the company’s borrowers and stakeholders in the region.”

“Mumbai branch is an important step towards realizing the company’s vision for expansion of business. It will provide the easy access and services to the company’s borrowers and stakeholders in the region”: IREDA CMD Pradip Kumar Das

He further said, “Mumbai being the financial capital and with a large concentration of IREDA’s business nearby, the opening of the branch was a long felt need.  In the time of the COVID-19 pandemic, this step will be especially helpful to all concerned.” He added, the company will consider opening of branch offices in other parts of country as per the potential of the business. He underlined that the current drive of the company for decentralization is part of its commitment to ease of doing business, an agenda set out by the government.

Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.

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