New Delhi: Under the dynamic leadership of Chairman and Managing Director Shri Pradip Kumar Das, the Indian Renewable Energy Development Agency (IREDA) has marked July 2025 with significant milestones, reinforcing its pivotal role in India’s clean energy transition. The company’s strong financial performance and strategic policy wins are set to bolster investor confidence and accelerate the country’s ambitious renewable energy targets.
In a major development, the government has granted Section 54EC tax benefit status to IREDA bonds, effective from July 9, 2025. This move allows investors to claim a capital gains tax exemption on investments in these bonds, making them a highly attractive option for those looking to save tax on long-term capital gains from property sales.
CMD IREDA Shri Pradip Kumar Das hailed this as a “valuable policy initiative,” emphasizing that it will provide IREDA with a stable, low-cost source of funds, which will be exclusively used to finance self-sustaining renewable energy projects.
Simultaneously, IREDA has demonstrated its financial strength with a reported 49% growth in operating profit for the month. This robust performance, along with the new tax benefits, is expected to enhance IREDA’s capacity to finance a rapidly expanding green energy sector.
Speaking at the 22nd Renewable Energy Summit, CMD IREDA Shri Pradip Kumar Das outlined a clear roadmap for the future. He highlighted India’s impressive achievement of reaching an installed renewable energy capacity of 234 GW as of June 2025, solidifying its position as the world’s fourth-largest renewable energy market. However, he stressed the critical need to more than double this capacity to meet the national target of 485 GW by 2030. To achieve this, he identified four key challenges that require immediate action:
- Boosting domestic manufacturing through schemes like the PLI.
- Streamlining land acquisition processes with single-window clearances.
- Accelerating grid expansion to support the increased generation.
- Mobilizing an estimated ₹30-32 lakh crore in investments through innovative financing models.
The IREDA CMD’s leadership in both financial innovation and strategic foresight is seen as a driving force behind the company’s success and its role in shaping a greener, more sustainable energy future for India.