Indian Renewable Energy Development Agency Limited (IREDA) is an Indian public sector enterprise which provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency/conservation. Formed in 1987, IREDA is a Navratna organisation owned by the Government of India and administratively controlled by the Ministry of New and Renewable Energy (MNRE).[4]
In November 2023, IREDA went public with an initial public offering (IPO), listing on NSE and BSE.[2]
Operations
Indian Renewable Energy Development Agency Limited[5] is a Public Limited Government Company and a Non-Banking Financial Institution[6] formed with the objective of promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.[7] It is under the administrative control of Ministry of New and Renewable Energy (MNRE).[8]
On 26 April 2024, IREDA was granted "Navratna" status by the Department of Public Enterprises (DPE).[9]
Objectives and policies
External links
References
- Ireda sanctions highest-ever loan of Rs 24,000 cr in 2021-22 - ET EnergyWorld ETEnergyworld.com, 5 April 2022, retrieved 9 April 2022^
- IREDA's IPO offers a renewable play on climate needs, so does a crowd of peers The Economic Times, retrieved 16 January 2024^
- Financial Result Ending March - Consolidated Financial Statements IREDA, retrieved 16 April 2025^
- IREDA granted Navratna Status by DPE.^
- Raval vishal. ireda-share-price-target-2025-a-comprehensive-analysis bestnewsreport.com, retrieved 19 July 2024^
- IREDA signs MOU with TANGEDCO in Green Energy projects NewsOnAIR, 8 September 2021, retrieved 17 April 2022^
- IREDA Registers All-Time High Half-Yearly PAT Odisha News, 13 November 2021, retrieved 9 April 2022^
- Cabinet approves Rs 1,500 crore infusion in IREDA to boost renewable energy financing The Indian Express, 19 January 2022, retrieved 9 April 2022^
- IREDA spurts after achieving Navratna status Business Standard, 26 April 2024^
- IREDA eyes Rs 2,749 cr revenue in 2021-22 The Economic Times, 15 February 2022, retrieved 17 April 2022^
- ThePrint Team. IREDA sets up office in GIFT City to support green hydrogen and renewable energy projects ThePrint, 2024-04-18, retrieved 2024-05-25^
- IREDA calls solar module manufacturing bids under PLI scheme mint, 11 June 2021, retrieved 17 April 2022^
- IREDA holds Strategic Meet, outlines plans for Business Expansion and Cost Reduction pib.gov.in, retrieved 2024-02-03^