Indian Renewable Energy Development Agency
Indian public sector enterprise
From Wikipedia, the free encyclopedia
Indian Renewable Energy Development Agency Limited (IREDA) is an Indian public sector enterprise which provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency/conservation. Formed in 1987, IREDA is a Navratna organisation owned by the Government of India and administratively controlled by the Ministry of New and Renewable Energy (MNRE).[4]
| |
| IREDA | |
| Company type | Public |
| Founded | 1987 |
| Headquarters | India Habitat Centre, East Court, Core-4A, 1st Floor, Lodi Road, New Delhi, India |
Key people |
|
| Revenue |  ₹6,755 crore (US$800 million) (2025) |
| ₹2,103 crore (US$250 million) (2025) | |
| ₹1,698 crore (US$200 million) (2025) | |
| Total assets | ₹79,734 crore (US$9.4 billion) (2025) |
| Total equity | ₹10,266 crore (US$1.2 billion) (2025) |
| Owner | Government of India (75%)[2] |
| Website | www |
| Footnotes / references Financials as of 31 March 2025[update].[3] | |
In November 2023, IREDA went public with an initial public offering (IPO), listing on NSE and BSE.[2]
Operations
Indian Renewable Energy Development Agency Limited[5] is a Public Limited Government Company and a Non-Banking Financial Institution[6] formed with the objective of promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.[7] It is under the administrative control of Ministry of New and Renewable Energy (MNRE).[8]
On 26 April 2024, IREDA was granted "Navratna" status by the Department of Public Enterprises (DPE).[9]