IREDA CMD outlines long-term roadmap for green energy leadership in 38th AGM

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) convened its 38th Annual General Meeting (AGM) on Thursday via video conferencing, where Chairman and Managing Director (CMD) Pradip Kumar Das presented a comprehensive roadmap for the company’s future, reaffirming IREDA’s commitment to supporting India’s renewable energy transition and building a self-reliant green economy.

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In his address, Das highlighted IREDA’s financial and operational achievements, noting that the organisation has sanctioned over Rs 2.49 lakh crore and disbursed Rs 1.63 lakh crore as of the first quarter of FY'26. “IREDA has played a pivotal role in enabling the renewable energy shift in the country,” he said.

Das further emphasised the strategic advantage IREDA has gained from its Infrastructure Finance Company (IFC) status and the Section 54EC tax exemption for its bonds. These factors, he said, have enhanced investor confidence and enabled the company to access competitive funding.

IREDA’s loan book has shown a robust growth trajectory, expanding at a Compound Annual Growth Rate (CAGR) of 29 percent since FY'21 and reaching Rs 79,941 crore in Q1 FY'26. The company also reported a 49 percent year-on-year increase in operating profit during the quarter, reflecting strong financial momentum.

Looking forward, Das outlined IREDA’s strategic focus on emerging sectors such as Green Hydrogen, E-Mobility, and Ethanol, alongside continued support for conventional renewable segments like Solar, Wind, Hydro, Biomass, and Cogeneration. He also underlined IREDA’s efforts to enhance ease of doing business through digitization and the adoption of automation and data analytics to boost operational efficiency and employee productivity.

The CMD responded to shareholder queries during the AGM, reinforcing the organisation’s commitment to transparency and good governance.

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