Indian Renewable Energy Development Agency Ltd Share Price

Indian Renewable Energy Development Agency Ltd. (IREDA) is a public sector enterprise established on March 11 1987. Headquartered in New Delhi, the company falls under the financial services sector and is dedicated to promoting renewable energy and energy efficiency projects.

IREDA provides financial assistance for projects related to renewable energy sources like solar, wind, and hydroelectric power. Its main products include loans and financial support for setting up renewable energy projects.

IREDA is not the biggest player in terms of market share or cap, but it plays a crucial role in supporting the growth of renewable energy in India. The Government of India is the promoter of IREDA, holding a majority stake (75.00%). The company is managed by a team of experienced managerial promoters. They are

• Pradip Kumar Das
• Shabdsharan Narharibhai Brahmbhatt
• Ram Nihal Nishad
• Ajay Yadav
• Bijay Kumar Mohanty

The registered office of IREDA is located at Lodhi Road, New Delhi. Meanwhile, the registrars are based in Vikhroli, Mumbai. The company is listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbols IREDA and 544026, respectively.

Overall, IREDA is a vital financial arm of the renewable energy sector in India. It has been providing essential funding for the development of sustainable energy projects. The company's focus on promoting renewable energy and energy efficiency has also made it a key player in the industry.

How IREDA is Powering India's Green Energy Revolution

The Indian Renewable Energy Development Agency Ltd. (IREDA) has been a cornerstone in the country's pursuit of a sustainable energy future. Established on March 11, 1987, IREDA operates under the financial services sector. It plays a crucial role in financing renewable energy projects. IREDA is providing essential funding and support to drive India's green energy revolution.

IREDA was founded to promote and extend financial assistance for renewable energy projects. From its inception, the agency has been dedicated to fostering sustainable energy solutions. IREDA's commitment to this mission has been unwavering, and over the years, it has financed numerous projects that have significantly contributed to India's renewable energy capacity.

One of IREDA's primary roles is to provide financial assistance for projects related to renewable energy sources such as solar, wind, biomass, and small hydroelectric power. As a result, the company enables developers to undertake and complete renewable energy projects. This support is vital in a sector that often requires substantial upfront investment. Through its financing initiatives, IREDA ensures that capital-intensive projects can proceed.

IREDA has made significant contributions to the development of solar and wind energy in India. The agency has financed a large number of solar power projects, helping to harness the country's abundant solar resources. It also supports the installation of solar power plants and rooftop solar systems. As a result, IREDA has played a key role in increasing India's solar capacity.

Similarly, the company has supported wind energy projects across the country, contributing to the growth of this clean energy source. The financial backing provided by IREDA has enabled the installation of wind turbines and wind farms in various regions.

In addition to traditional renewable energy sources, IREDA also supports innovative and emerging technologies. The agency has provided funding for projects involving biomass and small hydroelectric power. By financing these projects, IREDA has helped explore and develop new avenues for sustainable energy production. This ensures that India remains at the forefront of renewable energy technology.

Apart from promoting renewable energy, IREDA also focuses on enhancing energy efficiency. The company provides financial assistance for projects aimed at improving energy efficiency in various sectors. This includes industrial, commercial, and residential. IREDA also helps reduce energy consumption and lower greenhouse gas emissions. These efforts contribute to the overall goal of creating a more sustainable and environmentally friendly energy system.

IREDA's success in driving India's green energy revolution is also due to its partnerships. The company has worked with various national and international organizations. This is to leverage expertise and technology. These partnerships have enabled IREDA to access new funding sources and implement best practices in project development.

Despite its achievements, IREDA faces several challenges in its mission to promote renewable energy. These include the volatility of financial markets and the complexities of project implementation. However, IREDA's proactive approach and commitment to overcoming these challenges position it well for future success.

Looking ahead, the future prospects for IREDA are promising. The agency plans to continue expanding its support for renewable energy. IREDA aims to further accelerate India's transition to a green energy future. The agency's strategic initiatives and financial expertise will be crucial in achieving the country's renewable energy targets.

Overall, IREDA's role in powering India's green energy revolution is pivotal. Through its financial assistance and support, the company has enabled the development and implementation of numerous renewable energy projects. IREDA's contributions to solar, wind, biomass, and energy efficiency have significantly impacted India's energy landscape.