India’s renewable energy sector continues to gain remarkable traction, as the Indian Renewable Energy Development Agency (IREDA) reported exceptional financial performance in Q2 FY26, posting a 41% rise in net profit and an 81% jump in loan disbursements compared to the same period last year.
Union Minister for New and Renewable Energy Pralhad Joshi highlighted that IREDA’s continued success underscores India’s progress toward sustainable growth and self-reliance in the green energy sector. “IREDA’s strong performance lights up India’s renewable future and reflects the collective commitment to a greener, cleaner tomorrow,” the minister said.
Record Performance Across Financial Metrics
In its quarterly report, IREDA announced:
Loan Sanctions: ₹21,408 crore (↑145% YoY)
Loan Disbursements: ₹8,062 crore (↑81% YoY)
Loan Book: ₹84,477 crore (↑31% YoY)
Net Worth: ₹12,920 crore (↑38% YoY)
Profit After Tax: ₹549 crore (↑41% YoY)
Revenue from Operations: ₹2,057 crore (↑26% YoY)
The growth reflects IREDA’s strong financial discipline, robust project pipeline, and expanding role as a key enabler in India’s renewable energy financing ecosystem.
Powering India’s Green Transition
IREDA’s performance highlights its focus on supporting solar, wind, hydro, and bioenergy projects across India. Its expanding loan portfolio has strengthened access to clean energy finance, particularly for MSMEs, startups, and infrastructure projects aligned with the National Green Hydrogen Mission and Atmanirbhar Bharat goals.
Chairman & Managing Director Pradip Kumar Das credited the agency’s success to its dedicated workforce and stakeholder trust. “Our sustained growth across quarters demonstrates IREDA’s strategic vision, execution excellence, and unwavering commitment to India’s clean energy ambitions,” he said.
Setting the Benchmark for Sustainable Finance
With the government aiming for 500 GW of renewable capacity by 2030, IREDA’s financial health positions it as a central pillar in the country’s green finance landscape. Backed by solid fundamentals and consistent growth, IREDA continues to channel funding toward energy efficiency and next-generation renewables, reinforcing India’s global leadership in clean energy.
