New Delhi: The Indian Renewable Energy Development Agency Ltd. (IREDA) held its 38th Annual General Meeting (AGM) on 7 August, where Chairman & Managing Director (CMD), Shri Pradip Kumar Das, presented a compelling vision for the company’s future as a key player in India’s green energy transition.
The meeting, conducted virtually from the IREDA Corporate Headquarters, was attended by the Board of Directors and Shareholders, who heard about the company’s strong financial performance and strategic expansion plans.
CMD Shri Das emphasized IREDA’s instrumental role in fostering a green and self-reliant India. He highlighted the company’s significant financial contributions, with over ₹2.49 lakh crore sanctioned and ₹1.63 lakh crore disbursed as of the first quarter of FY26. This reaffirms IREDA’s position as a leading financial institution in the renewable energy sector.
The CMD also shared impressive financial milestones, noting a 29% CAGR in the loan book since FY21, which reached ₹79,941 crore in Q1 FY26. The company’s operating profit also saw a robust 49% year-on-year growth this quarter, reflecting strong momentum.
Looking ahead, CMD Shri Das outlined IREDA’s expansion into new and emerging sectors. While continuing its leadership in traditional renewable energy areas like solar, wind, and hydro, the company is now making strategic inroads into Green Hydrogen, E-Mobility, and Ethanol. This diversification aligns with national clean energy targets and positions IREDA to capture new growth opportunities.
To support this expansion and enhance operational efficiency, Shri Das stressed the importance of digitalization. He spoke about promoting the ease of doing business through streamlined processes and investing in automation and data analytics to boost employee productivity.
The CMD also highlighted the strategic advantages of the company’s Infrastructure Finance Company (IFC) status and the Section 54EC tax exemption for its bonds, which will facilitate stronger investor engagement and competitive funding.
During the AGM, CMD Shri Das reinforced the company’s commitment to transparency and trust by addressing all shareholder queries. His direct engagement with shareholders underscores IREDA’s dedication to robust corporate governance.
The CMD’s address concluded with a forward-looking perspective, affirming that IREDA is not just financing projects but is actively financing a greener, more sustainable future for India.