On January 1, 2026, Indian Renewable Energy Development Agency Ltd. (IREDA) organised a New Year 2026 get-together for its employees at India Habitat Centre, New Delhi, marking the beginning of the year with a spirit of unity and renewed commitment. The event was graced by Santosh Kumar Sarangi, Secretary, Ministry of New & Renewable Energy (MNRE); J.V.N. Subramanyam, Joint Secretary, MNRE; Pradip Kumar Das, Chairman & Managing Director, IREDA; Dr. Bijay Kumar Mohanty, Director (Finance), IREDA; Sanjay Kulshrestha, CMD, HUDCO; and other senior officials.
Addressing the gathering, Sarangi emphasised the importance of team building and nurturing young professionals to prepare them as future leaders. Highlighting IREDA’s expanding role, he underscored the need to enhance financial support to MSMEs and under flagship initiatives such as PM Surya Ghar scheme and assured continued support from MNRE to IREDA in its growth journey.
Das also highlighted IREDA’s strong financial performance, with cumulative loan sanctions of `2,78,016 crore, cumulative disbursements of `1,80,988 crore and a loan book of `87,975 crore as on December 31, 2025 (provisional). He recalled key milestones including IREDA’s highest-ever annual Profit After Tax of `1,699 crore in FY 2024–25 and the international credit rating upgrade by S&P Global Ratings.
In his vote of thanks, Director (Finance), appreciated the employees for their spirit of teamwork and encouraged them to continue upholding high standards of governance and efficiency.
IREDA is a ‘Navratna’ GoI Enterprise under the administrative control of MNRE. IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: ‘ENERGY FOR EVER’.
