New Delhi: Union Minister for New and Renewable Energy Pralhad Joshi on Monday praised Indian Renewable Energy Development Agency Ltd. (IREDA) for its strong performance in the renewable energy sector following the announcement of its financial results for the first quarter. IREDA reported a 37% year-on-year increase in net profit to ₹337 crore, while its gross non-performing assets (NPAs) declined to 1.23%.
Pralhad Joshi writes on social media website ‘X’, “I am delighted to see that IREDALtd has delivered another strong quarter, reflecting the growing momentum of India’s #RenewableEnergy sector. The impressive rise in profitability, robust loan growth and significant improvement in asset quality highlight IREDA’s commitment to excellence and responsible financing. I congratulate Team IREDA on this remarkable performance and appreciate their dedication in supporting India’s #CleanEnergy transition.”
