The Indian Renewable Energy Development Agency Ltd. (IREDA) hosted a New Year 2026 get-together for its employees on January 1 at the India Habitat Centre, marking the start of the year with a focus on unity, institutional growth, and renewed commitment to India’s clean energy goals.
The event was attended by Shri Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy (MNRE); Shri J.V.N. Subramanyam, Joint Secretary, MNRE; Shri Pradip Kumar Das, Chairman and Managing Director, IREDA; Dr. Bijay Kumar Mohanty, Director (Finance), IREDA; Shri Sanjay Kulshrestha, Chairman and Managing Director, HUDCO; along with other senior officials.
Addressing the gathering, MNRE Secretary Shri Santosh Kumar Sarangi stressed the importance of team building and nurturing young professionals to develop future leaders for the sector. Highlighting IREDA’s growing role in India’s energy transition, he called for stronger IREDA-led financing support for micro, small and medium enterprises (MSMEs) and flagship government initiatives, including the PM Surya Ghar scheme. He also assured MNRE’s continued support to IREDA in its growth and expansion plans.
Welcoming the MNRE leadership, IREDA CMD Shri Pradip Kumar Das extended New Year greetings to employees and highlighted the organisation’s workforce expansion. He said IREDA’s employee strength increased from 168 on January 1, 2025 to 227 in 2026, with women accounting for around 23% of the total workforce—significantly higher than the average of 9.5% across Central Public Sector Enterprises (CPSEs).
Shri Das attributed this growth to strong corporate governance and financial discipline, noting that the same principles would guide IREDA’s sustainable growth going forward.
He also outlined IREDA’s financial performance, reporting cumulative loan sanctions of ₹2.78 lakh crore, cumulative disbursements of ₹1.81 lakh crore, and a loan book of ₹87,975 crore as of December 31, 2025 (provisional). He recalled key milestones, including IREDA’s highest-ever profit after tax of ₹1,699 crore in FY 2024–25 and its international credit rating upgrade by S&P Global Ratings.
In his vote of thanks, Director (Finance) Dr. Bijay Kumar Mohanty appreciated employees for their teamwork and encouraged them to continue upholding high standards of governance, efficiency, and professionalism.
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