Tag: IREDA

Business

MSMEs Backbone of Economy, Key to Viksit Bharat: CMD IREDA at 22nd Stakeholders’ Meet

rencygomes02

Written by Intern Rency Gomes || Team Allycaral 

New Delhi, February 23, 2026: Indian Renewable Energy Development Agency Ltd. (IREDA) organised its 22nd Stakeholders’ Interaction Meet at the India International Centre, New Delhi, under the chairmanship of  Pradip Kumar Das, Chairman & Managing Director. The event saw participation from nearly 100 borrowers and business partners representing various segments of the renewable energy value chain.


The meeting commenced with a detailed presentation outlining IREDA’s recent achievements, financial performance, major initiatives and an Action Taken Report addressing issues raised during the previous interaction. Stakeholders engaged with the management on sector-specific concerns, policy developments and financing norms.

Addressing the gathering, Das stressed the importance of maintaining strong asset quality and adhering to the highest standards of corporate governance to ensure IREDA’s long-term sustainability. On queries regarding interest rates, he explained that the organisation focuses on mobilising funds from the lowest possible cost sources and passing on the benefits to renewable energy developers. He noted that this approach aligns with RBI and other regulatory guidelines while supporting accelerated growth in the renewable energy sector in line with the Government of India’s vision.

Highlighting the importance of Micro, Small and Medium Enterprises (MSMEs), Das described them as the backbone of the economy and essential contributors to the Viksit Bharat vision by 2047. He added that MSMEs must uphold strong and qualitative corporate governance standards to enable lenders to extend financing at competitive rates.

The CMD further informed stakeholders that IREDA has strengthened its manpower across entry-level, middle and senior management positions by recruiting professionals from CPSEs, banks and private organisations, along with Executive Trainees from leading campuses, to enhance leadership capacity and operational efficiency.

The interaction concluded with a vote of thanks delivered by Dr. Bijay Kumar Mohanty, Director (Finance), IREDA.

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IREDA Wins Silver at Green Urja Awards for Excellence in Women in Green Energy

Tanisha Cardozo

Indian Renewable Energy Development Agency Ltd. (IREDA) has been awarded the Silver Award under the category “Excellence Award for Women in Green Energy and Energy Efficiency” at the 6th Green Urja and Energy Efficiency Awards organised by the Indian Chamber of Commerce in New Delhi on February 4, 2026. The award recognises IREDA’s sustained commitment towards promoting gender inclusivity and empowering women professionals within India’s renewable energy sector.

The award was presented by Shri Anil Razdan, Former Secretary (Power), along with other dignitaries, and was received on behalf of IREDA by Mrs. Mala Ghosh Choudhury, General Manager (HR); Ms. Durre Shahwar, General Manager (HR); and Mrs. Punnu Grover, Chief Compliance Officer, along with other women officers of the organisation.

Congratulating the team on the achievement, Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, stated that the recognition reflects the organisation’s consistent efforts to create a supportive and inclusive workplace. He emphasised that women professionals at IREDA are encouraged to grow, lead and contribute meaningfully to India’s clean energy journey. With women constituting around 23 per cent of its workforce, among the highest in Central Public Sector Enterprises, IREDA believes that empowering women is crucial to building a strong, resilient and future-ready clean energy ecosystem.

The CMD also expressed his gratitude to the Hon’ble Union Minister for New & Renewable Energy, the Hon’ble Minister of State for New & Renewable Energy, the Secretary of MNRE, the Board of Directors and all stakeholders for their continued guidance and support. The recognition further reinforces IREDA’s role as a key enabler of India’s renewable energy ambitions while championing diversity, inclusion and sustainable development.

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MoS Shri Shripad Naik Inaugurates IREDA’s 45 kW Solar Project Powering Goa’s Water Supply

Tanisha Cardozo

On 5th October 2025, Shri Shripad Naik, Hon’ble Union Minister of State for Power and New & Renewable Energy, inaugurated a 45 kW On-Grid Solar Power System at a water pumping station in North Goa. The project has been implemented as part of IREDA’s Corporate Social Responsibility (CSR) initiative to promote sustainable and clean energy in public infrastructure.

The solar power system is expected to generate approximately 60,000 units of electricity annually, ensuring 100% solarization of the pumping station’s load. This initiative not only enhances energy efficiency but also sets a benchmark for renewable integration into essential public utilities like water distribution.

In a message, Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, emphasized that the project reflects the organization’s dedication to extending its clean energy vision beyond financial support into direct community impact. He noted that solarizing public services such as water pumping stations can serve as a scalable and replicable model for India’s broader sustainable energy transition.

The inauguration event was attended by key representatives from IREDA’s CSR team, the Goa Drinking Water Department, and local authorities, underscoring a collaborative effort toward building a greener future for India. This development is yet another step in aligning with the country’s commitment to achieving its renewable energy goals and promoting energy equity across all sectors.