IREDA to expand into green hydrogen, e-mobility and ethanol sectors; disbursements at ₹1.63 lakh crore
Addressing the shareholders during IREDA's 38th Annual General Meeting (AGM) held via video conferencing from its Corporate Office, Das stated, 'IREDA is working towards expanding into emerging sectors such as Green Hydrogen, E-Mobility, and Ethanol while consolidating the company's leadership in traditional renewable energy sectors including Solar, Wind, Hydro, Biomass and Cogeneration.'
He also emphasised the agency's efforts towards promoting ease of doing business through digitisation, automation and enhanced data analytics with an objective to improve employee productivity. 'The company is investing in automation and data analytics to improve employee productivity,' he said.
Speaking on the financial progress, Das highlighted that IREDA has sanctioned over ₹2.49 lakh crore and disbursed ₹1.63 lakh crore as of the first quarter of FY26. 'With over ₹2.49 lakh crore sanctioned and ₹1.63 lakh crore disbursed as of Q1 FY26, IREDA has been instrumental in enabling the renewable energy transition,' he said.
Das stated that the company's loan book has grown at a compound annual growth rate (CAGR) of 29 per cent since FY21 and reached ₹79,941 crore in the first quarter of FY26. He also informed that operating profit has shown a year-on-year growth of 49 per cent during the same quarter.
He added that the Infrastructure Finance Company (IFC) status and Section 54EC tax exemption for bonds have further positioned the company for better investor engagement and improved funding mechanisms. 'IREDA's Infrastructure Finance Company (IFC) status and Section 54EC tax exemption for bonds have positioned the company for stronger investor engagement and competitive funding,' he said.
The meeting was chaired by Pradip Kumar Das and attended by the Board of Directors and shareholders. During the meeting, Das addressed all shareholder queries, reinforcing the organisation's commitment to transparency and stakeholder engagement.
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