The Ministry of New and Renewable Energy (MNRE) has reaffirmed its support to the Indian Renewable Energy Development Agency Ltd. (IREDA) during its New Year 2026 employee gathering.
Secretary Santosh Kumar Sarangi called for stronger financing support led by IREDA for MSMEs and schemes like PM Surya Ghar.
Shri Santosh Kumar Sarangi, Secretary, MNRE, addressed IREDA employees at an event held on January 1, 2026, at India Habitat Centre in New Delhi.
He underlined the importance of enhancing financial outreach to MSMEs and expanding lending under key initiatives such as the PM Surya Ghar scheme. During his address, he also spoke on the importance of team-building and leadership training among young professionals.
Shri Pradip Kumar Das, CMD, IREDA, welcomed MNRE officials and reflected on 2025's progress. He shared that IREDA’s employee strength grew from 168 to 227 by January 1, 2026. Women now make up 23% of the total workforce, notably higher than the CPSE average of 9.5%.
Financially, IREDA achieved cumulative loan sanctions of ₹2,78,016 crore and disbursements of ₹1,80,988 crore. Its loan book stood at ₹87,975 crore as of December 31, 2025. The agency recorded a Profit After Tax of ₹1,699 crore for FY 2024–25, the highest so far, alongside an upgraded international credit rating from S&P Global Ratings.
Read More: Govt Reforms 2025 Recap: What Was Promised, What Got Delayed?!
The rise in staffing and financial metrics was attributed to sound governance and fiscal discipline by CMD Das. He reiterated that IREDA would continue its approach to sustain momentum. In his concluding remarks, Director (Finance), Dr. Bijay Kumar Mohanty, thanked all employees and urged continued commitment to governance and operational efficiency.
IREDA’s focus during 2025 remained aligned with national renewable energy and financial inclusion goals. The encouragement from MNRE positions IREDA to maintain and enhance its role in funding MSMEs and key schemes like PM Surya Ghar.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Jan 2, 2026, 10:32 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
