New Delhi: The Indian Renewable Energy Development Agency Ltd. (IREDA), the nation’s largest pure-play green financing NBFC, has achieved a remarkable feat, being recognized as the top performer among Power and NBFC sector Central Public Sector Enterprises (CPSEs) by the Department of Public Enterprises (DPE) for its annual performance MoU for Fiscal Year 2023-24. This prestigious acknowledgment solidifies IREDA’s position as a frontrunner in India’s sustainable energy transition.
In the consolidated list of 84 CPSEs issued by the DPE for FY 2023-24, IREDA stands among the top 4 CPSEs in the country, boasting an impressive score of 98 and above. This achievement marks the fourth consecutive year that IREDA has received the coveted MoU ‘Excellent’ rating for its performance, a testament to its consistent dedication and robust operational efficiency. The ‘Excellent’ rating for FY 2023-24 was officially conferred on January 7, 2025.
Expressing his profound delight at this significant accomplishment, Shri Pradip Kumar Das, Chairman & Managing Director of IREDA, stated, “We are immensely happy to be recognized as the best performing CPSE in the NBFC and Power sector, and to be among the top 4 CPSEs in the country with a score of 98 and above. This achievement reflects our team’s collective dedication and strategic vision to accelerate India’s renewable energy growth. This rating reaffirms IREDA’s leadership in green financing and our commitment to nation-building by supporting innovative and sustainable energy solutions.”
Shri Das extended his heartfelt congratulations to Team IREDA for their stellar performance, acknowledging their relentless efforts in achieving this milestone. He also conveyed his gratitude to key stakeholders for their unwavering support and invaluable guidance, including Shri Pralhad Joshi, Union Minister of New & Renewable Energy, Consumer Affairs and Food & Public Distribution; Shri Shripad Naik, Minister of State for Power and New & Renewable Energy; Shri Santosh Kumar Sarangi, Secretary, MNRE; other senior officials of the Ministry; and the esteemed Board of Directors.
This recognition underscores IREDA’s pivotal role in driving India’s ambitious renewable energy targets. As a dedicated green financing institution, IREDA has been instrumental in facilitating significant investments in various renewable energy projects across the nation, contributing to reduced carbon emissions and a greener future. The consistent ‘Excellent’ rating from the DPE not only highlights IREDA’s financial prudence and operational excellence but also reinforces its strategic importance in the country’s clean energy landscape.
IREDA’s continued success is a clear indicator of its strong governance, effective project management, and unwavering commitment to fostering a sustainable energy ecosystem in India. This latest achievement further strengthens its resolve to accelerate the pace of renewable energy adoption and contribute significantly to India’s energy security and environmental sustainability goals.