Indian Renewable Energy Development Agency

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]

Indian Renewable Energy Development Agency Limited

Trade name	IREDA
Company type	Public
Traded as	NSE: IREDA BSE: 544026
Founded	1987; 38 years ago (1987)
Headquarters	India Habitat Centre, East Court, Core-4A, 1st Floor, Lodi Road, New Delhi, India
Key people	Pradip Kumar Das (Chairman & MD)[1] Bijay Kumar Mohanty (CFO)
Revenue	₹6,755 crore (US$800 million) (2025)
Operating income	₹2,103 crore (US$250 million) (2025)
Net income	₹1,698 crore (US$200 million) (2025)
Total assets	₹79,734 crore (US$9.4 billion) (2025)
Total equity	₹10,266 crore (US$1.2 billion) (2025)
Owner	Government of India (75%)[2]
Website	www.ireda.in
Footnotes / references Financials as of 31 March 2025[update].[3]

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

• Financing renewable energy projects.^[10]
• Supporting green power capacity.^[11]
• Financing the setting up of solar manufacturing units.^[12]
• Encourage the use of renewable energy to foster sustainable growth.^[13]