Tag: IREDA

Profit Before Tax and Profit After Tax up by 76.15% and 67.14% to Rs 276.31crore and Rs 184.30, respectively Gross Income up by 15.90% to Rs 791.56 crore Net-worth up by 69.16% to Rs 5,638.31 crore Loan Book and Loan Sanction up by 17.07% and 89.47% Indian Renewable Energy Development Agency (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE), today announced audited financial results for the second quarter ended September 30, 2022.  The company has posted ... Read more

Indian Renewable Energy Development Agency Ltd. (IREDA) signed an MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT), a wholly owned subsidiary of MPBCDC (49% owned by Govt. of India and 51% owned by Govt. of Maharashtra) yesterday. In accordance with the MoU, IREDA will offer financing facilities to MAHAPREIT for the Renewable Energy projects to be implemented for state utilities, local bodies and the infrastructure of Renewable Energy Parks. The MoU was signed by Shri Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA and Shri Bipin Shrimali, ... Read more

Indian Renewable Energy Development Agency Ltd. (IREDA) today signed a Memorandum of Understanding (MoU) with the Central Institute of Petrochemicals Engineering & Technology (CIPET), to provide its techno-financial expertise for solarization of CIPET campuses. The two organisations are under the Ministry of New & Renewable Energy and the Ministry of Chemicals and Fertilizers, respectively. The MoU was signed by Shri Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA and Prof. (Dr.) Shishir Sinha, Director General, CIPET in the presence of senior officials. Under the MoU, IREDA will help CIPET to ... Read more

Public Sector Indian Renewable Energy Development Agency (IREDA) under Ministry of New and Renewable Energy reported an all-time high annual Profit Before Tax (PBT) of 570 crore rupees in the financial year 2020-21 that was severely affected by Covid 19 Pandemic. The PBT of the company was Rs. 241 crores during FY 2019-20. The company has posted Profit After Tax (PAT) of Rs. 346 crores as against Rs. 215 crores in the last financial year, registering a massive growth of 61%. The Board of Directors of IREDA approved the Audited Financial Results for Financial Year 2020-21 in a meeting held ... Read more

  A two day free COVID vaccination camp was jointly organised by Indian Renewable Energy Development Agency Ltd. (IREDA) and NHPC Ltd central Public Sector Undertakings under Ministry of Power for the 18-44 age group employees on 7th and 8th May at IREDA’s Corporate Office, New Delhi. This was done in line with the direction of Shri R.K. Singh, Hon’ble Minister of State (Independent Charge) for Power and New & Renewable Energy & Minister of State for Skill Development and Entrepreneurship. A total of 317 employees from IREDA, NHPC, Ministry of Power, Ministry of New & Renewable Energy, MHA, PFC, ... Read more