IREDA and Boston Consulting Group Collaborate to Enhance Business Expansion
The Strategy Team of IREDA presented a comprehensive report on KPIs and proposed IT-based enhancements to improve overall efficiency and user experience.
February 03, 2024. By Abha Rustagi
The Strategy Team of IREDA presented a comprehensive report on Key Performance Indicators (KPIs) and proposed IT-based enhancements to improve overall efficiency and user experience. Discussions during the meeting included deliberations on the anticipated Gross Non-Performing Assets, accompanied by the formulation of a robust recovery action plan to ensure financial stability amid potential challenges.
A significant portion of the strategic meeting was dedicated to the retail sector, outlining IREDA's proposed strategy for retail growth. The central theme was the implementation of initiatives to reduce the Cost of Funds. The leadership team conducted a thorough review of domestic and foreign lines, exploring strategies for optimizing bond-raising to address excess liquidity.
Inaugurating the Strategic Meeting, the Chairman and Managing Director (CMD) of IREDA, Pradip Kumar Das, expressed confidence in the organization's trajectory towards robust progress. He emphasized that the meeting reinforces IREDA’s commitment to achieving targets while maintaining financial stability. "Today's deliberations underscore our constant dedication not only to meet but exceed our ambitious targets. I am confident that our strategic actions will not only shape the future of IREDA but also significantly contribute to the advancement of a sustainable and dynamic renewable energy landscape in the country."
The meeting concluded with a firm commitment from IREDA to continue its efforts to promote renewable energy and sustainable development in alignment with the Government of India's vision and targets.
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