IREDA's Remarkable Growth and Commitment to Renewable Energy in India
Key Ideas
- IREDA achieved an exceptional 129% year-on-year growth in sanctions, totaling Rs 31,087 crore, and a 41% surge in disbursements to Rs 7,236 crore in the provisional Q3 figures for FY 2024-25.
- Chairman Pradip Kumar Das highlighted IREDA's leadership in promoting green ammonia, pumped storage hydropower, and solar rooftop projects, with plans for a subsidiary at GIFT City to focus on green hydrogen and foreign currency financing.
- The company shared achievements such as Navratna status, international ratings, and recognition as one of India's top five wealth creators, applauding employees for their dedication and emphasizing continued innovation in the green energy sector.
- IREDA's stellar performance, commitment to renewable energy financing, and focus on market innovations demonstrate a positive outlook for the future of clean energy in India under the leadership of Pradip Kumar Das.
Indian Renewable Energy Development Agency Ltd. (IREDA) in New Delhi, India, witnessed remarkable growth with a 129% year-on-year increase in sanctions, reaching Rs 31,087 crore, and a 41% surge in disbursements to Rs 7,236 crore in the provisional Q3 figures for FY 2024-25. Chairman Pradip Kumar Das emphasized IREDA's commitment to renewable energy financing, highlighting the company's leadership in driving market innovations like green ammonia and hydropower projects. The company plans to establish a subsidiary at GIFT City to promote green hydrogen and foreign currency financing. IREDA's achievements include attaining Navratna status, receiving international ratings, and being recognized as a top wealth creator in India. Employees were praised for their dedication, with a focus on driving innovation in India's green energy mission. The positive sentiment surrounding IREDA's financial performance and market initiatives indicates a promising future for clean energy in India.
Topics
Utilities
Renewable Energy
Financial Performance
Infrastructure Development
AGM
Market Innovations
Employee Appreciation
Wealth Creation
Green Energy Mission
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