Mumbai: The Indian Renewable Energy Development Agency (IREDA) – India’s leading Non-Banking Financial Company under the Ministry of New & Renewable Energy (MNRE) –reported 49% year-on-year growth in Operating Profit and 30% rise in Total Income from operations in Q1FY2025-26.
Expressing robust support to India’s renewable energy goals and long-term stakeholder value, Pradip Kumar Das, Chairman & Managing Director, told media here recently that IREDA’s outstanding loan book surged to Rs 79,941 crore – a 26% increase over the previous year with significant contributions from solar, wind and emerging technologies like green hydrogen, smart meters and EVs.
The Company maintained its impeccable AAA (Stable) domestic credit ratings and successfully raised Rs 5,903 crore during the quarter, including a JPY 26 billion ECB from SBI Tokyo, ensuring access to cost-effective capital, he said, adding that IREDA’s Net Worth rose by 36% to Rs 12,402 crore, reflecting continued investor confidence and leadership in the renewable energy financing space.
In a major policy boost, 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.
While this enables investors to claim capital gains tax exemption in supporting India’s green transition, the move is also expected to reduce IREDA’s cost of capital and encourage wider investor participation.
IREDA also achieved recognition for governance and financial excellence, including the “CMA Icon 2025” award to the CMD and a top-5 national ranking for wealth creation between Nov 2023-24.
India’s recent ‘milestone’ of achieving 50% non-fossil fuel-based power capacity – five years ahead of its 2030 target – underscores the growing opportunities in the renewable energy sector.
