Indian Renewable Energy Development Agency Limited
Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI.The company was established for the promotion, development and commercialisation of new and renewable sources of energy and…
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IREDA submitted its 39th Business Responsibility and Sustainability Report for FY 2025-26, which includes an independent assurance report. This outlines the company's non-financial performance and ESG initiatives, boosting transparency for investors.
IREDA delivered robust FY26 financial results with 1,874 Cr net profit on 8,339 Cr revenue. Capital adequacy strengthened to 20.59% as new RBI norms reduced risk-weighted assets by 7,788 Cr. Following a 2,006 Cr QIP, the Board approved raising another 2,994 Cr, boosting growth potential.
IREDA posted strong financials: Revenue rose 15% to ₹2,248 Cr, PAT climbed 37% to ₹338 Cr. Loan book expanded 19% to ₹94,936 Cr. Asset quality improved significantly with Net NPA falling to 1.23%. Company also raised ₹4,991 Cr in new borrowings.
Company raised ₹2,005.90 Cr via QIP; board approved raising another ₹2,994 Cr. CRAR significantly increased to 20.59% due to new RBI norms, reducing RWA by ₹7,787.77 Cr. Subsidiary IGEFIL commenced operations. S&P Global upgraded rating to BBB/A-2. Two fraud cases were reported.
Company adopted new RBI capital norms, increasing CRAR to 20.59% (1.83% boost) by reducing RWA by 7,787.77 Cr. Raised ₹2,006 Cr via QIP & ₹3,212 Cr through ECBs. Two frauds totaling ₹14.80 Cr reported. Initiated insolvency for Gensol group, downgrading ₹729 Cr loans to NPA. Long-term issuer rating upgraded.