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Indian Renewable Energy
Development Agency
Limited
Pradip Kumar Das
CMD, IREDA
ndian Renewable Energy Development Agency Ltd.
(IREDA), was incorporated as a Government Company, and
Iregistered under the Companies Act 1956 on 11th March,
1987. IREDA is under the administrative control of Ministry of
New & Renewable Energy (MNRE) and is the only institution
dedicated for financing Renewable Energy (RE) & Energy
Efficiency (EE) projects in India. The company is registered with
RBI as Non-deposit taking systemically important Non-Banking
Finance Company (NBFC). Since, its inception the company has
played a catalytic role in developing market for financing RE &
EE projects by showcasing the success of financing in RE sector.
In line with directives of the The activities undertaken by IREDA are akin to the activities of
Ministry of New & Renewable a Green Bank. Since inception, the company is profit-making &
Energy, DoPT and DPE issued regularly paying dividend(s) to the Government of India (GoI).
from time to time and to IREDA has been awarded the “Mini-Ratna Category- I” status by
the Department of Public Enterprises (DPE) in June, 2015.
avoid crowding in offices,
a significant percentage of IREDA has over the years sanctioned loans to projects in RE & EE
IREDA employees have been sector aggregating to Rs. 85,600 Crore, disbursed Rs. 54,289 Crore
working from home through up to 31st March 2020, the loan book provision of IREDA as on
e-office, depending upon their 31st March 2020 is Rs. 23,732 Crore and as such supported more
job profiles or necessities. than 16,000 MW of RE capacity. Since 2014, IREDA’s operations
Besides online movement of both in terms of sanctions & disbursements have grown at a
Compounded Annual Growth Rate (CAGR) of 23% & 27.4%,
files through e-office, Board respectively.
and review meetings are also
taking place through Video Employees Strength
Conferencing. • Permanent (on roll): 159
Indian Renewable Energy Development Agency Limited 219
