Rapid Fire
IREDA Bags ‘Excellent’ Ratings
- 14 Jun 2025
- 2 min read
The Indian Renewable Energy Development Agency Ltd. (IREDA) was awarded an 'Excellent' rating for its exceptional performance in the Power and NBFC sectors by the Department of Public Enterprises (DPE).
- IREDA received the 'Excellent' rating for the fourth consecutive year, based on its annual performance for FY 2023-24.
- This recognition highlights IREDA’s leadership in green financing and reaffirms its dedication to nation-building through promoting sustainable energy solutions.
IREDA:
- IREDA is a Navratna public sector company under MNRE, established in 1987 as a Non-Banking Financial Institution.
- It is the largest green financing NBFC in India, dedicated to promoting, developing, and financing renewable energy and energy efficiency projects, while supporting the sector by encouraging lending from banks and financial institutions.
DPE Ratings:
- The DPE, under the Ministry of Finance, formulates policies on CPSEs' performance, autonomy, and finance, and publishes the Public Enterprises Survey for monitoring.
- DPE Ratings annually assess CPSEs on MoU targets like profitability and efficiency, grading them from Poor to Excellent to ensure accountability and transparency.
India's Renewable Energy Initiatives:
| Read More: Tapping Renewable Energy Potential in India |
