Indian Renewable Energy Development Agency (IREDA), a premier non-banking financial company (NBFC) under the Ministry of New & Renewable Energy (MNRE), has showcased robust financial performance and strategic growth in the first quarter of FY 2025-26, reinforcing its pivotal role in India’s ambitious clean energy mission.
IREDA reported a remarkable 49% year-on-year growth in operating profit and a 30% surge in total income from operations for Q1 FY 2025-26. The company’s loan book stood at an impressive ₹79,941 crore, marking a 26% increase compared to the previous year, with notable contributions from solar, wind, and emerging sectors such as green hydrogen, electric vehicles (EVs), and smart meters.
Maintaining its impeccable financial credibility, IREDA retained AAA (Stable) domestic credit ratings and raised ₹5,903 crore during the quarter, including a significant JPY 26 billion External Commercial Borrowing (ECB) from SBI Tokyo. The company’s net worth also surged by 36% to ₹12,402 crore, reflecting continued investor confidence and strong leadership in the renewable energy financing domain.
Commenting on the performance, Pradip Kumar Das, Chairman & Managing Director of IREDA, said, “Operational excellence and responsible financing remain at the heart of our business strategy. We are committed to creating long-term stakeholder value through strong corporate governance, financial discipline, and robust support to India’s renewable energy goals.”
In a significant policy development, the Central Board of Direct Taxes (CBDT) under the Ministry of Finance has notified IREDA bonds as ‘long-term specified assets’ under Section 54EC of the Income-tax Act, 1961, effective July 9, 2025. This move allows investors to claim capital gains tax exemption while contributing to India’s green energy transition, potentially reducing IREDA’s cost of capital and expanding investor participation.
The organisation continues to strengthen its credit appraisal and recovery mechanisms, resulting in a steady reduction of non-performing assets (NPAs). IREDA also aims to diversify its lending portfolio further in alignment with both national and global sustainability targets.
IREDA’s corporate governance and financial prudence have earned it prestigious accolades, including the “CMA Icon 2025” award to its CMD and a top-5 ranking for wealth creation during Nov 2023–24 by a leading business daily.
As India celebrates achieving 50% non-fossil fuel-based power capacity five years ahead of its 2030 target, IREDA remains committed to accelerating this momentum. With its continued focus on innovation, responsible financing, and operational excellence, IREDA is set to play a crucial role in India’s journey towards the 500 GW renewable energy capacity target.
