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IREDA On High Performance Mode

New Delhi: Indian Renewable Energy Development  Agency  (IREDA). Team IREDA has performed well during this time and scaling high in performance record, thanks to the overdrive of CMD, Pradip Kumar Das.

IREDA,  a  PSU  under  the  Ministry  of New & Renewable Energy (MNRE)  today  announced audited financial results  for  Half-year-1 and Quarter-2  FY  2021-22  ending  30 September  2021.

IREDA has posted  Total  Income  from  Operations  of  Rs.  684.80  crore  and  Profit After Tax (PAT)  of  Rs.  110.27 crore  for  Q2 FY22. 

The  company  has  reported  all-time  high half-yearly PAT  of  Rs.  299.90 crore.   The  Board of Directors  of IREDA  approved the  Audited Financial  Results  for  H1 &  Q2 FY 202122  ending  30th September  2021  in a  meeting  held today  while  lauding  the  company’s performance  and growth.

Profit After Tax  grown to  Rs.  299.90 crore  against  Rs.  206.63 crore.  (All-time  high).

Total  Income from  Operations  increased  to Rs.  1386.97  crore  against  Rs.  1284.94 crore.  (Up by  8%)

Reduction in Net NPA  (%):  4.87%  against  5.79%  (Reduction by  16%)   Net-worth:  Rs.  3333.19  crore  against  Rs.  2742.98  crore  (Up by  22%) Highlights  of  Q2 FY  2021-22  as  compared to  corresponding  period  during  FY  2020-21.

Loan Sanction:  Rs.  5925.12 crore  against  Rs.  1172.32 crore  (Up  by  405%) •  Loan Disbursement:  Rs.  3584.90 crore  against  Rs.  2041.34 crore  (Up by  76%).

Pradip  Kumar Das,  Chairman  &  Managing  Director,  IREDA  lauded the  dedicated team  of IREDA  and said  that it  would not have  been possible  without Government  of India’s  active  support and guidance.  He  conveyed his  sincere  gratitude  to  R  K  Singh, Union  Minister of Power,  New  and  Renewable Energy  and Bhagwanth Khuba,  Minister  of State,  New  & Renewable Energy,  Chemicals  &  Fertilizers  for  their  continuous  guidance  and  support. 

Mr.Das  also  conveyed  his  gratitude  for  the  abiding  support received  by  the  company  from Secretary,  MNRE,  Board  of  Directors  and  Senior Officials  of  MNRE.  He  underlined that  the collective and  focussed efforts  of team  IREDA  is  rewarded  by  record  high-yearly  profit.