IREDA targets Rs 2,749 cr revenue in 2021-22

17 Feb 2022 CW Team

Indian Renewable Energy Development Agency Ltd (IREDA) is targeting a revenue of Rs 2,749 crore from operations in the ongoing financial year.

IREDA, Chairman & Managing Director (CMD), Pradip Kumar Das, has signed a Memorandum of Understanding (MoU) with Indu Shekhar Chaturvedi, Secretary, Ministry of New and Renewable Energy (MNRE) on Tuesday.

The government has set a target of Rs 2,749 crore income from operation under the 'Excellent' rating, including different performance-related significant parameters like return on net worth, asset turnover ratio, asset turnover ratio, non-performing asset (NPA) to total loans, earnings per share, and many more.

In the financial year (FY) 2020-21, IREDA was rated Excellent with a 96.93 score.

Currently, the company has financed over 2,900 renewable energy projects loan accounts with cumulative loan sanctions and disbursement to the tune of Rs 1,08,606 crore and Rs 69,951 crore each.

It also helped the green power capacity expansion of 19,463 MW in the country.

With an extra equity infusion of Rs 1,500 crore by the government, in the upcoming years, IREDA would have exponential growth in the renewable energy sector.

The IREDA would be capable of expanding loan facilities of around Rs 12,000 crores and contributing to even more government targets for renewable energy.

After the equity infusion of Rs 1,500 crore, IREDA also plans to introduce an Initial Public Offering (IPO) to complete its further capital requirement.

Image Source

Also read: IREDA inks MoU with TANGEDCO for renewable energy projects

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..