Indian Renewable Energy Development Agency Limited (IREDA) has unveiled significant leadership changes following a board meeting. The company has approved new appointments and promotions for several senior executives.

New Appointments and Promotions

IREDA's board has approved the following changes:

Executive Profiles

The newly appointed executives bring significant experience and qualifications to their roles:

These changes reflect IREDA's commitment to strengthening its leadership team with experienced professionals. The appointment of Shri Tusarkant Parida as Executive Director (FA) and Shri Jagdeep Singh as General Manager (FA) is expected to bolster the company's financial management capabilities.

Smt Punnu Grover's appointment as General Manager (FXA) and her continuation as Chief Compliance Officer until April 30, 2028, brings valuable expertise to these critical roles. Her extensive experience of over 29 years and her educational background, including a Masters degree in Commerce and membership of the Institute of Cost and Work Accountants of India, position her well for these responsibilities.

These appointments are expected to contribute to IREDA's ongoing efforts in the renewable energy sector. As these executives take on their new roles, they are poised to play crucial parts in shaping the company's future strategies and operations.

IREDA's decision to appoint experienced professionals demonstrates its focus on strengthening its management team and ensuring effective leadership across key positions. These changes come at a time when the renewable energy sector in India is experiencing significant growth and transformation, highlighting the importance of strong and experienced leadership in navigating the evolving landscape.

Indian Renewable Energy Development Agency Limited (IREDA), India's largest pure-play green financing entity, has delivered a stellar performance in the first half of fiscal year 2026, showcasing significant growth across key financial metrics.

Impressive Loan Book Expansion

IREDA's gross loan portfolio reached ₹84,477.00 crores as of September 30, 2025, marking a substantial 31% year-on-year growth. This expansion underscores the company's pivotal role in financing India's renewable energy sector.

Strong Financial Performance

The company reported a profit after tax of ₹796.00 crores for H1 FY26, representing a 3% increase compared to the same period last year. This growth in profitability is particularly noteworthy given the challenging economic environment.

Key Financial Highlights

IREDA's net interest margin improved to 1.90% in H1 FY26 from 1.68% in the prior period, indicating enhanced efficiency in managing its interest-earning assets. The company's operating profit saw a significant jump of 52% year-on-year, reaching ₹1,454.00 crores.

Robust Asset Quality and Capital Position

IREDA maintained strong asset quality with 84% of its loan portfolio secured. The net non-performing assets (NPA) stood at 1.97%, reflecting the company's effective risk management practices. The capital adequacy ratio remained robust at 20.10%, well above the minimum regulatory requirements, ensuring a strong foundation for future growth.

Diversified Loan Portfolio

The company's loan book is well-diversified across various renewable energy sectors:

• Solar power projects: 23.6% of the gross loan portfolio
• Wind power: 12.4%
• Hydro power: 9.7%

This diversification helps mitigate sector-specific risks.

Funding and Credit Rating

IREDA's total borrowings stood at ₹69,940.00 crores with a cost of funds at 3.65%. The company maintains a strong credit profile with AAA/Stable domestic credit ratings from multiple agencies including ICRA, CARE, India Ratings, Brickwork, and Acuite. This high credit rating enables IREDA to access cost-effective funding, supporting its growth objectives.

Future Outlook

IREDA's loan book spans across solar, wind, hybrid, hydro power, and emerging technologies like green hydrogen. The company has already supported installations of 27.5 GW renewable energy capacity and sees a ₹31.6 lakh crore financing potential across renewable energy sectors till FY30.

IREDA's strong performance in H1 FY26 reflects its crucial role in India's transition towards clean energy. As the country aims to achieve ambitious renewable energy targets, IREDA's continued growth and robust financial health position it as a key enabler in this green energy revolution.