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IREDA Strengthens RE Financing with Rs2.49 Lakh Cr Sanctioned and Plans Expansion into Green Hydrogen, E-Mobility

During its 38th Annual General Meeting (AGM), IREDA Chairman & MD Pradip Kumar Das shared the company's impressive financial and strategic achievements. As of Q1 FY26, the Indian Renewable Energy Development Agency (IREDA) has sanctioned Rs2.49 lakh crore and disbursed Rs1.63 lakh crore, playing a key role in accelerating India’s renewable energy growth.

Das highlighted that IREDA’s Infrastructure Finance Company (IFC) status and the Section 54EC tax exemption on its bonds have helped attract more investors and secure competitive funding, strengthening its financial base.

He also announced that IREDA’s loan book has grown at an impressive 29?GR since FY21, reaching Rs79,941 crore. In Q1 FY26 alone, its operating profit jumped 49% year-on-year, indicating strong business momentum.

Looking to the future, IREDA plans to expand into emerging sectors such as Green Hydrogen, Electric Mobility (E-Mobility), and Ethanol, while continuing its leadership in solar, wind, hydro, biomass, and cogeneration. Das emphasized the agency’s commitment to digital transformation, automation, and data analytics to streamline operations and boost employee productivity.

These efforts reflect IREDA’s growing importance in financing India’s clean energy future and supporting the government’s sustainability goals.