IREDA Crosses Highest Annual Loan & Sanction Loan Disbursement for Renewable Energy Projects Updated On Tue, Mar 28th, 2023 by Saurenergy Mini-ratna CPSE Indian Renewable Energy Development Agency Ltd (IREDA) has revealed that it has crossed the highest annual loan disbursement of Rs.16,071 crores (loan disbursement in FY 2021-22) in the history of the firm for the Financial Year 2022-23. IREDA shared that it exceeded the historical mark and touched loan disbursement of Rs. 16,320 crores. […] Read more
IREDA Plans Office in Gujarat’s GIFT City for Foreign Currency Funding of Renewables Updated On Fri, Feb 24th, 2023 by Saurenergy The Indian Renewable Energy Development Agency Ltd (IREDA) is planning to establish an office in Gujarat’s GIFT City to finance renewable energy projects in foreign currency. The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing the IREDA to avoid foreign exchange hedging cost. Pradip Kumar Das, Chairman and Managing Director […] Read more
IREDA & MNRE Peg Annual Performance Target for 2022-23 at 18% Higher Than Previous Year Updated On Fri, Jan 20th, 2023 by Saurenergy Indian Renewable Energy Development Agency Ltd (IREDA) has entered into an agreement with the Ministry of New and Renewable Energy (MNRE), towards the purpose of setting annual performance target for the year 2022-23. The goal has been pegged by the Government of India at Rs 3,361 crores for Revenue from Operation. This is an increase […] Read more
IREDA’s Partnership with EV Financing NBFC Mufin Green Updated On Tue, Jan 17th, 2023 by Saurenergy Mufin Green Finance Ltd– has forged a partnership with Indian Renewable Energy Development Agency Limited (IREDA) with an aim to EV penetration thrive in India. IREDA is a Mini Ratna (Category – I) Government of India Enterprise under the Ministry of New and Renewable Energy (MNRE). It is engaged in promoting, developing and extending financial […] Read more
IREDA Inks Rs. 4,445 Cr Loan Pact with SJVN Green Energy for 1 GW Solar Power Project Updated On Thu, Dec 15th, 2022 by Saurenergy The Indian Renewable Energy Development Agency Ltd. (IREDA) has joined hands with SJVN Green Energy Ltd. (SGEL, a subsidiary of SJVN Ltd.) for a 1,000 MW Solar power project at Bikaner, Rajasthan. The agreement is worth Rs. 4,444.71 crore. The project funded by IREDA will connect to 400/220 KV substation Bikaner-II (near Bikaner). The project […] Read more
NLC India Strives for 6 GW Renewables Capacity at Decade-End Updated On Thu, Nov 24th, 2022 by Saurenergy India’s public sector is bullish on the renewable energy segment; all credit to government efforts and the deep pockets of the enterprises. In a fresh development, NLC India Ltd – a state-owned enterprise formerly called Neyveli Lignite Corporation – is now looking to swell up its renewable energy generation capacity to more than 6 GW […] Read more
IREDA Profit Jumps 67% In September Quarter Updated On Mon, Nov 14th, 2022 by Saurenergy The Indian Renewable Energy Development Agency (IREDA), a government undertaking that comes under the Ministry of New & Renewable Energy (MNRE), has announced its audited financial results for the second quarter that ended September 30, 2022 and has held that its profits have soared well above 67 per cent in the said financial quarter. IREDA […] Read more
MNRE Appoints REC GM to The Position of Director (Finance) at IREDA Updated On Tue, Nov 1st, 2022 by Saurenergy In a formal announcement made recently, Bijay Kr Mohanty has been chosen for the job of Director (Finance) at IREDA by a Search-cum-Selection Committee established by the Ministry of New and Renewable Energy (MNRE). Following an interview, the committee selected Mohanty from a list of four shortlisted candidates. Ajay Mathur, Chief GM, REC Ltd, Gurugram; […] Read more
IREDA CMD Sees Potential For a Million Renewable Jobs By 2030 Updated On Wed, Jul 13th, 2022 by Saurenergy Pradip Kumar Das, the Chairman & Managing Director at IREDA (India Renewable Energy Development Agency), one of the earliest and largest renewables focused financial institution, said one can anticipate a million jobs in the renewable energy sector by 2030. Das was speaking at a programme on Renewable Energy Management for cooperatives organised by the Centre […] Read more
