IREDA Rated 'Excellent' by DPE, Tops Power and NBFC Sector

Indian Renewable Energy Development Agency Ltd. (IREDA), the country’s green financing NBFC, has secured a top-tier position in the Government of India’s latest Central Public Sector Enterprises (CPSE) rankings.

In the annual performance review conducted by the Department of Public Enterprises (DPE), IREDA was awarded the coveted ‘Excellent’ rating and ranked among the top 4 CPSEs across India for FY 2023-24.

Standing tall among 84 CPSEs assessed by DPE, IREDA also clinched the No. 1 spot in the Power and NBFC sector, achieving an MoU performance score of 98 and above. This marks the fourth consecutive year that the agency has received the ‘Excellent’ rating, a glowing endorsement of its role in India’s clean energy transition.

Commenting on this,  Pradip Kumar Das, Chairman and Managing Director of IREDA, said, “We are immensely happy to be recognised as the best-performing CPSE in the NBFC and Power sector, and to be among the top 4 CPSEs nationwide. This achievement reflects our team's collective dedication and strategic vision to accelerate India’s renewable energy growth. It reaffirms IREDA’s leadership in green financing and our commitment to nation-building through sustainable energy solutions.”