IREDA Rings In 2026 With Growth and Performance Highlights

02 Jan 2026 CW Team

The event was attended by Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy (MNRE); J.V.N. Subramanyam, Joint Secretary, MNRE; Pradip Kumar Das, Chairman and Managing Director, IREDA; Bijay Kumar Mohanty, Director (Finance), IREDA; Sanjay Kulshrestha, Chairman and Managing Director, HUDCO; along with other senior officials.

Addressing the gathering, Sarangi highlighted the importance of team building and nurturing young professionals to prepare them for leadership roles. Emphasising IREDA’s expanding mandate, he underlined the need to enhance financial support to MSMEs and flagship initiatives such as the PM Surya Ghar scheme, while assuring continued support from MNRE as IREDA advances its growth journey.

Welcoming the MNRE leadership, Das extended New Year greetings to employees and noted that IREDA’s workforce has expanded from 168 employees on 1 January 2025 to 227 employees in 2026. Women now account for around 23 per cent of the total workforce, significantly higher than the average of about 9.5 per cent across central public sector enterprises. He attributed this growth to a continued focus on strong corporate governance and financial discipline to ensure sustainable expansion.

Das also highlighted IREDA’s financial performance, reporting cumulative loan sanctions of Rs 2.78 trillion, cumulative disbursements of Rs 1.81 trillion and a loan book of Rs 879.75 billion as of 31 December 2025 (provisional). He recalled key milestones, including the company’s highest-ever annual profit after tax of Rs 16.99 billion in FY 2024–25 and an international credit rating upgrade by S&P Global Ratings.

In his vote of thanks, Mohanty appreciated employees for their teamwork and encouraged them to continue upholding high standards of governance and operational efficiency.

Indian Renewable Energy Development Agency Ltd. (IREDA) organised a New Year 2026 get-together for its employees on 1 January 2026 at the India Habitat Centre, New Delhi, marking the start of the year with a focus on unity and renewed organisational commitment. The event was attended by Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy (MNRE); J.V.N. Subramanyam, Joint Secretary, MNRE; Pradip Kumar Das, Chairman and Managing Director, IREDA; Bijay Kumar Mohanty, Director (Finance), IREDA; Sanjay Kulshrestha, Chairman and Managing Director, HUDCO; along with other senior officials. Addressing the gathering, Sarangi highlighted the importance of team building and nurturing young professionals to prepare them for leadership roles. Emphasising IREDA’s expanding mandate, he underlined the need to enhance financial support to MSMEs and flagship initiatives such as the PM Surya Ghar scheme, while assuring continued support from MNRE as IREDA advances its growth journey. Welcoming the MNRE leadership, Das extended New Year greetings to employees and noted that IREDA’s workforce has expanded from 168 employees on 1 January 2025 to 227 employees in 2026. Women now account for around 23 per cent of the total workforce, significantly higher than the average of about 9.5 per cent across central public sector enterprises. He attributed this growth to a continued focus on strong corporate governance and financial discipline to ensure sustainable expansion. Das also highlighted IREDA’s financial performance, reporting cumulative loan sanctions of Rs 2.78 trillion, cumulative disbursements of Rs 1.81 trillion and a loan book of Rs 879.75 billion as of 31 December 2025 (provisional). He recalled key milestones, including the company’s highest-ever annual profit after tax of Rs 16.99 billion in FY 2024–25 and an international credit rating upgrade by S&P Global Ratings. In his vote of thanks, Mohanty appreciated employees for their teamwork and encouraged them to continue upholding high standards of governance and operational efficiency.

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