Indian Renewable Energy Development Agency Ltd.
102.60
INR
-1.10
(-1.06%)
ISIN
INE202E01016
Return %
Stock
S&P 500
1Y
-33.01
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
•
in mil. unless spec.Growth Rates
INR
•
in mil. unless spec.Quarterly Revenue
INR
•
in mil. unless spec.Quarterly Earnings Per Share
INR
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in mil. unless spec.Quarterly Dividends Per Share
INR
•
in mil. unless spec.Company Description
- CEO
- Bijay Kumar Mohanty
- Full Time Employees
- 208
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- August Kranti Bhavan New Delhi DL India 110066
- IPO Date
- Nov 29, 2023
- Website
- ireda.in
- Similar Companies
- Business
- Indian Renewable Energy Development Agency Limited (IREDA) is a Navratna public sector non-banking financial company (NBFC) under the administrative control of India's Ministry of New and Renewable Energy that promotes, develops, and provides financial assistance for renewable energy projects and energy efficiency initiatives; it offers a comprehensive range of products including project term loans, refinancing of loans, loans against securitization of future cashflows, top-up loans, loan syndication, lines of credit to NBFCs, guarantee assistance schemes, letters of comfort or undertaking, and payment on order instruments. IREDA finances projects across diverse sectors such as solar energy, wind energy, hydro energy (including small hydro), biomass power generation and cogeneration, bio fuels and bio diesel, bio energy, waste to energy, compressed bio gas, energy efficiency and conservation, transmission lines, biomass pellets/RDF, and new and emerging technologies. Headquartered in New Delhi and established in 1987 as a public limited government company with 75% ownership by the Government of India, IREDA operates nationwide through regional offices and focuses on developers, manufacturers, suppliers, EPC contractors, and government bodies in the renewable energy value chain. In recent developments, IREDA completed its initial public offering (IPO) in November 2023, listing on the National Stock Exchange and Bombay Stock Exchange; it raised funds through a qualified institutional placement (QIP) in 2025 totaling approximately USD235 million and approved a substantial borrowing program of up to ₹242 billion for FY 2024-25 across instruments like green bonds, term loans, external commercial borrowings, and tax-free bonds. The company launched a retail division in December 2023 targeting B2C segments such as PM-KUSUM program and rooftop solar consumers, achieved Schedule A Central Public Sector Enterprise status for enhanced financial autonomy, signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy in August 2025 setting FY 2025-26 targets including over 21% revenue growth to ₹8,200 crore, and provided major debt financings such as ₹17.39 billion to Juniper Green Energy in August 2025 for renewable expansions. IREDA reported strong FY 2024-25 results with 27% growth in loan sanctions to ₹47,453 crore, 20% increase in disbursements to ₹30,168 crore, and a 28% expansion in its outstanding loan book to ₹76,250 crore, alongside reductions in non-performing assets through improved credit processes; its bonds received Central Board of Direct Taxes recognition as long-term specified assets under Section 54EC in July 2025.