Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year. The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Indian Renewable Energy Development Agency Ltd. (IREDA) has finalized a joint venture agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) to develop the 900 MW Upper Karnali Hydroelectric Project in Nepal. The agreement outlines a framework for project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) model. The project will operate for 25 years from the Commercial Operation Date (CoD). The agreement was formalized in New Delhi today in the…
Shri Pradip Kumar Das, Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), delivered a keynote address at the Odisha Solar Investor Conclave hosted by GRIDCO in Bhubaneswar. The CMD confirmed that IREDA has sanctioned over Rs 30 billion for renewable energy projects in Odisha, covering sectors such as solar, hydro, ethanol, and renewable energy manufacturing. Odisha aims to achieve 10 GW of renewable energy capacity by 2030, and IREDA’s support…