New Delhi: Indian Renewable Energy Development Agency (IREDA) celebrated its 38th Foundation Day on March 11, 2024, marking a significant milestone in its journey towards fostering renewable energy development in India. The Foundation Day celebration provided a valuable opportunity to look back on IREDA’s 37-year journey and accomplishments. It was a moment to express gratitude to its dedicated employees, stakeholders, and business partners whose constant support has been instrumental in making IREDA the largest Pure Play Green Finance NBFC in the country.
The 38th Foundation Day celebration was graced by Chairman & Managing Director Shri Pradip Kumar Das; Director (Finance) Dr. Bijay Kumar Mohanty; and Chief Vigilance Officer Shri Ajay Kumar Sahani, who addressed the employees highlighting the company’s achievements, challenges, and future endeavours.
CMD Shri Pradip Kumar Das expressed his happiness on the occasion, emphasizing the importance of celebrating achievements, reflecting on challenges, and charting the future course of action. He commended IREDA’s pivotal role in financing India’s energy transition, contributing significantly to national goals of energy security, climate action, and sustainable development.
Highlighting a major accomplishment, the CMD informed that IREDA achieved an ‘Excellent’ rating under the MoU 2022-23, signed with the Ministry of New & Renewable Energy. He said that this recognition for the third consecutive financial year, with a score of 93.50 and a final rating of ‘Excellent’, reflects the company’s dedication, hard work, and commitment to excellence.
The CMD highlighted the launch of IREDA’s retail division, catering to diverse borrowers, particularly in sectors like Rooftop Solar and the PM-KUSUM scheme, underscoring a significant market segment for the company’s growth. He emphasized innovation as a core strategy, with a focus on introducing new financial products and on expanding presence in consortium financing and emerging green technologies.
