IREDA Ltd.

In this edition of Renewable Snapshot, India's clean energy transition takes center stage. With groundbreaking advancements and ambitious targets, the nation is setting the pace for a greener, more resilient future. The revolution is here are you ready? #IndiaLeadsInRE #SustainableTomorrow #RenewableIndia #SustainableFuture #CleanEnergyGrowth #GreenEnergyRevolution #IndiaLeadsInRE #PoweringTomorrow #EnergyTransition #500GWJourney #FuturePoweredByCleanEnergy #SustainabilityMatters Ministry of New and Renewable Energy (MNRE)

𝐈𝐑𝐄𝐃𝐀 𝟏𝟗𝐭𝐡 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬' 𝐌𝐞𝐞𝐭: 𝐂𝐌𝐃 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐏𝐮𝐬𝐡 𝐟𝐨𝐫 𝐂𝐨𝐬𝐭-𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐢𝐧 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 Indian Renewable Energy Development Agency Ltd. (IREDA) conducted its 19th Stakeholders’ Interaction Meet today in virtual mode, chaired by Shri Pradip Kumar Das, Chairman & Managing Director. The meeting brought together borrowers from diverse Renewable Energy sectors to discuss key updates, foster collaboration, and advance the sector’s growth. In his opening remarks, Shri Das highlighted IREDA’s remarkable achievements in Q3 of FY 2024-25, emphasizing commitment to ease of doing business and providing low-cost funds to Renewable Energy developers. He reiterated IREDA’s dedication to reducing borrowing costs to benefit project developers, ensuring sustained business performance and growth over the past four and a half years. Shri Das also underscored IREDA’s focus on maintaining the highest standards of corporate governance, transparency, and discipline. Notably, IREDA became the first corporate in India to publish its Q3 full audited financial results in just nine days. He urged stakeholders to prioritize compliance, timely reporting, and dues clearance to sustain asset quality and strengthen IREDA’s credit rating. Borrowers from across the RE sectors shared valuable suggestions and feedback, which will play a pivotal role in shaping IREDA’s initiatives and strategies. Dr. Bijay Kumar Mohanty, Director (Finance), and other senior IREDA officials also participated in the meeting. Business partners congratulated IREDA for achieving ‘Excellent’ rating for the fourth consecutive year, strong Q3 results, and their swift resolution of issues, highlighting IREDA’s commitment to excellence and stakeholder support. #IREDA #StakeholdersMeet #RenewableEnergy #GreenFinance #EaseOfDoingBusiness #Sustainability #CorporateGovernance #EnergyTransition Ministry of New and Renewable Energy (MNRE)

𝐂𝐌𝐃, 𝐈𝐑𝐄𝐃𝐀 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐎𝐝𝐢𝐬𝐡𝐚’𝐬 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐭 𝐔𝐭𝐤𝐚𝐫𝐬𝐡 𝐎𝐝𝐢𝐬𝐡𝐚 𝟐𝟎𝟐𝟓 Shri Pradip Kumar Das, Chairman and Managing Director, Indian Renewable Energy Development Agency (IREDA), addressed a pivotal session on “Sustainable Growth of Renewable Energy & Equipment Manufacturing” at Utkarsh Odisha 2025 in Bhubaneswar today. Shri Das highlighted that India’s renewable energy expansion requires interventions across generation, manufacturing, financing, and workforce skilling to achieve its 500 GW target by 2030. With an estimated ₹30-32 lakh crore investment needed, policies to attract global funds, expand green bonds, and empower NBFCs like IREDA are essential. He emphasized that stated that with the right mix of infrastructure, investment, and policy support, Odisha can establish itself as a leader in India’s renewable energy landscape. Odisha currently has an installed RE capacity of 2.94 GW, with a target of 10 GW by 2030. He highlighted the state’s geographical advantage, strong industrial base, and policy support as key drivers for attracting large-scale investments in solar, wind, hydro, and green hydrogen initiatives. IREDA’s financial interventions in Odisha have been significant, with a loan book exceeding ₹1,540 crore for Odisha-based projects as of Q3 FY25. With cumulative loan sanction of ₹4,315 crore for renewable projects, with 77% of these sanctions issued since FY20 and cumulative disbursements exceeding ₹2,146 crore, IREDA is committed to financing Odisha’s renewable energy transition by bridging financing gaps, promoting green investments, and ensuring the rapid deployment of clean energy projects. Shri Kanak Vardhan Singh Deo, Hon’ble Deputy Chief Minister of Odisha in his address assured policy reforms and necessary support to position Odisha as a leader in the green energy transition. Shri Vishal Kumar Dev, Principal Secretary (Energy), Odisha also graced the session. The session concluded with key takeaways, including an expected ₹3.3 lakh crore investment by RE developers in Odisha’s renewable energy sector and major announcements on manufacturing projects and green ammonia production facilities with a capacity of approximately 7 MMTPA. #UtkarshOdisha #MakeInOdisha #IREDA #Odisha #InvestinOdisha #GreenHydrogen #RenewableEnergy Ministry of New and Renewable Energy (MNRE)

𝐏𝐫𝐢𝐦𝐞 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐒𝐡𝐫𝐢 𝐍𝐚𝐫𝐞𝐧𝐝𝐫𝐚 𝐌𝐨𝐝𝐢 𝐕𝐢𝐬𝐢𝐭𝐬 𝐈𝐑𝐄𝐃𝐀 𝐏𝐚𝐯𝐢𝐥𝐢𝐨𝐧 𝐚𝐭 𝐌𝐚𝐤𝐞 𝐢𝐧 𝐎𝐝𝐢𝐬𝐡𝐚 𝐂𝐨𝐧𝐜𝐥𝐚𝐯𝐞 The Hon’ble Prime Minister of India, Shri Narendra Modi, visited the Indian Renewable Energy Development Agency Limited (IREDA) pavilion at the “Utkarsh Odisha: Make in Odisha Conclave 2025” in Bhubaneswar today. Shri Pradip Kumar Das, Chairman and Managing Director, IREDA welcomed the Prime Minister and briefed him on the company’s 37-year legacy as India’s largest pure-play green financing NBFC. During the interaction, Shri Das highlighted IREDA's pivotal role in advancing renewable energy projects to achieve India’s 500 GW non-fossil fuel installed capacity target by 2030, in line with the country’s Panchamrit and Viksit Bharat 2047 goals. Shri Modi, accompanied by Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi; Hon’ble Governor, Dr. Hari Babu Kambhampati; and other dignitaries. The pavilion themed “Responsible for Renewables,” showcased IREDA’s innovative approach to sustainable development and its focus on financing clean energy initiatives. Speaking on the occasion, CMD Shri Pradip Kumar Das expressed his gratitude for the Hon’ble Prime Minister’s visit, reaffirming IREDA’s commitment to supporting India’s green energy transition and achieving net-zero emissions by 2070. He emphasized IREDA’s dedication to fostering a self-reliant, sustainable future through robust financial support for renewable energy projects. Dr. Bijay Kumar Mohanty, Director (Finance) and other IREDA officials were also present. #UtkarshOdisha #MakeInOdisha #IREDA #Odisha #InvestinOdisha Ministry of New and Renewable Energy (MNRE)

Celebrating 76 years of India’s resilience and growth, where the colors of our flag blend with the promise of a sustainable future. #TricolorOfProgress #SwarnimBharat #ViksitBharat ##RepublicDay2025 #SustainableIndia #HeritageAndFuture Ministry of New and Renewable Energy (MNRE)

𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐇𝐞𝐚𝐥𝐭𝐡𝐲 𝐖𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞: 𝐈𝐑𝐄𝐃𝐀 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐞𝐬 𝐇𝐞𝐚𝐥𝐭𝐡 𝐂𝐚𝐦𝐩 𝐟𝐨𝐫 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 Indian Renewable Energy Development Agency Limited (IREDA) organized a preventive health check-up camp for its employees, including outsourced staff, at the company’s registered office in New Delhi today. The initiative was inaugurated by Dr. Bijay Kumar Mohanty, Director (Finance), in the presence of senior officials. The health camp provided a range of diagnostic tests and consultations with medical experts, enabling employees to monitor their health and take proactive measures. Employees actively participated in the camp, demonstrating their commitment to maintaining a healthy lifestyle. Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said, “Good physical and mental health is the foundation of productivity and innovation. At IREDA, we are committed to supporting the well-being of our employees through such proactive measures. This initiative reflects our belief in creating a workplace that cares for its people.” He also acknowledged the efforts of the Ministry of Health and Family Welfare, Government of India, in promoting preventive healthcare and creating awareness across organizations. Recognizing that outsourced employees are also integral part of its workforce, IREDA ensured they received equal access to the health services provided during the camp. With a strong focus on employee welfare, IREDA continues to set an example as an organization that prioritizes the health and happiness of its workforce. #BuildingHealthyWorkforce #IREDA #Health #EmployeeWellness #PreventiveHealthcare #WorkplaceWellness #CaringForEmployees Ministry of New and Renewable Energy (MNRE)

𝐈𝐑𝐄𝐃𝐀 𝐁𝐨𝐚𝐫𝐝 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐮𝐩 𝐭𝐨 ₹𝟓,𝟎𝟎𝟎 𝐂𝐫𝐨𝐫𝐞 𝐅𝐮𝐧𝐝𝐫𝐚𝐢𝐬𝐢𝐧𝐠 𝐯𝐢𝐚 𝐐𝐈𝐏 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐆𝐫𝐞𝐞𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 The Board of Directors of Indian Renewable Energy Development Agency Ltd. (IREDA) in its meeting today, approved the raising up to ₹5,000 crore through Qualified Institutions Placement (QIP) of equity shares, in one or more tranches. The initiative is aimed at strengthening IREDA's financial resources to support the growing demand for green energy financing. The issuance will proceed after obtaining necessary approvals from shareholders and regulatory authorities. Speaking on the decision, Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said, “This fundraising initiative through QIP reflects IREDA’s steadfast commitment to strengthening India’s renewable energy ecosystem. It will enable us to scale up financial support for clean energy projects and further reinforce our leadership in the sector.” The planned issuance ensures that the Government of India’s shareholding in IREDA will remain strong, up to 7% dilution in the post-issue equity. #IREDA #GreenEnergyFinancing #QIP #Equity #RenewableEnergy #CleanEnergyProjects #FinancialStrength #SustainableFuture Ministry of New and Renewable Energy (MNRE)

On Parakram Diwas, we salute Netaji’s dedication to justice and freedom, inspiring a spirit of bravery, resilience, and unity in us all. #NetajiJayanti #ParakramDiwas #NetajiSubhasChandraBose #HonoringNetaji #BraveryAndFreedom #InspirationOfNetaji #LegacyOfNetaji #IndiaUnitesForNetaji #NetajiForFreedom #PrideOfIndia Ministry of New and Renewable Energy (MNRE)

𝐌𝐍𝐑𝐄 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐲 𝐑𝐞𝐯𝐢𝐞𝐰𝐬 𝐈𝐑𝐄𝐃𝐀 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐕𝐢𝐬𝐢𝐨𝐧 Smt. Nidhi Khare, Secretary, Ministry of New & Renewable Energy (MNRE) and Department of Consumer Affairs, visited the Registered Office of Indian Renewable Energy Development Agency Limited (IREDA) in New Delhi, today. The visit included a comprehensive review of IREDA's performance and its strategic roadmap, followed by an engaging interactive session with senior officials. Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, extended a warm welcome to Smt. Khare. During the meeting, Shri Das highlighted IREDA’s notable achievements over the last five years and emphasized the company’s commitment to supporting the Government of India's ambitious renewable energy targets. He outlined IREDA’s plans to contribute to the target of generating 500 GW of non-fossil-based electricity by 2030, aligning with the Govt of India’s vision of 'Viksit Bharat'. IREDA's presentation highlighted key aspects such as its sectoral financing, diversification strategies, growth plans, and fundraising initiatives. CMD, IREDA, briefed Smt. Khare on the organization's major achievements over the past five years, focusing on Ease of Doing Business, digitalization, automation, and the establishment of a wholly owned subsidiary at the International Financial Services Centre (IFSC) in GIFT City, Gujarat. Shri Das emphasized how IREDA has enhanced its asset quality through consistent engagement with borrowers. IREDA was the first company to publish its Q3 Audited Financial Results within just 9 days. The highest standards of corporate governance maintained by IREDA have set a new benchmark for Indian Corporates. Secretary, MNRE praised IREDA’s impressive progress and acknowledged its essential role in promoting India’s renewable energy goals. She assured swift support to IREDA to accelerate the growth of the renewable energy sector and drive the decarbonization of the economy. #IREDA #MNRE #RenewableEnergy #StrategicVision #500GWBy2030 #GreenEnergy Ministry of New and Renewable Energy (MNRE)

𝐈𝐑𝐄𝐃𝐀, 𝐒𝐉𝐕𝐍, 𝐆𝐌𝐑 𝐚𝐧𝐝 𝐍𝐄𝐀 𝐒𝐞𝐚𝐥 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐟𝐨𝐫 𝟗𝟎𝟎 𝐌𝐖 𝐔𝐩𝐩𝐞𝐫 𝐊𝐚𝐫𝐧𝐚𝐥𝐢 𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐢𝐧 𝐍𝐞𝐩𝐚𝐥 Indian Renewable Energy Development Agency Ltd. (IREDA) has finalized a Joint Venture Agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali Hydro-electric Project in Nepal. This strategic initiative aims to strengthen regional energy security and accelerate renewable energy growth. The joint venture agreement lays out a comprehensive framework for the project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) model, with 25-years project term from the Commercial Operation Date (CoD). The agreement was formalized today in New Delhi in the presence of senior officials from IREDA, SJVN, and GMR Energy Ltd. Speaking on the occasion, Shri Pradip Kumar Das, CMD, IREDA, said, “This agreement marks a significant step towards realizing our collective vision of sustainable energy development in the region. By leveraging Hydropower's vast potential, the Upper Karnali project will serve as a model of cross-border collaboration, delivering both economic and environmental benefits.” #IREDA #UpperKarnaliProject #Hydropower #SustainableEnergy #EnergySecurity #RenewableEnergyGrowth #Nepal #IndiaNepalPartnership Ministry of New and Renewable Energy (MNRE) SJVN LIMITED