At its 39th AGM held via video conferencing, IREDA's CMD announced the agency's loan book reached ₹93,069 crore in FY26, marking strong growth in renewable energy financing. The meeting also saw the release of IREDA's first-ever ESG (Environmental, Social, and Governance) report, signalling a shift toward sustainable institutional governance. IREDA, a Mini Ratna Category-I CPSE under the Ministry of New and Renewable Energy, funds solar, wind, and other clean energy projects across India.

IREDA — the Indian Renewable Energy Development Agency Ltd. — is a Government of India enterprise established in 1987 under the Ministry of New and Renewable Energy (MNRE). It functions as a specialised Non-Banking Financial Company (NBFC) and Public Financial Institution (PFI) that provides term loans and financial assistance for renewable energy and energy efficiency projects.

Its loan book crossing ₹93,069 crore in FY26 represents a significant milestone in India's clean energy financing ecosystem. IREDA plays a central role in India's target of achieving 500 GW of non-fossil fuel capacity by 2030, a commitment made under the Paris Agreement and reaffirmed in India's updated NDCs (Nationally Determined Contributions).

The release of IREDA's first-ever ESG report is noteworthy from an exam perspective. ESG reporting integrates environmental impact, social responsibility, and corporate governance disclosures — increasingly mandated by SEBI for listed entities and encouraged by RBI and the government for PSUs. IREDA was listed on Indian stock exchanges in November 2023 through an IPO, making such disclosures both regulatory and reputational obligations.

For aspirants, IREDA sits at the intersection of infrastructure financing, green energy policy, and institutional governance — all high-frequency themes for UPSC, RBI Grade B, and NABARD Grade A. The examiner typically extracts the founding year, ministry, classification (Mini Ratna Category-I), and its role in the renewable energy value chain.