2024-05-06
- IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’ by the Department of Public Enterprises (Ministry of Finance)
- IREDA is under the administrative control of the Ministry of New and Renewable Energy.
- It was established as a Non-Banking Financial Institution in 1987.
- This status grants greater autonomy and facilitates quicker decision-making, attracting more investments and skilled talent.
- As a Navratna PSU, IREDA can operate more efficiently, compete effectively, and achieve sustainable growth
