IREDA registers the highest semester PAT of all time

IREDA in semesters ...- India TV Paisa

Record semi-annual profit for IREDA

New Delhi. With the growing emphasis on renewable energy, companies associated with the sector have begun to benefit from it. According to the results announced by the Indian Renewable Energy Development Association Ltd., ie IREDA, the company has recorded the highest semi-annual profit in history after tax. The Ministry of New and Renewable Energies provided this information. IREDA has published its results today. Based on the results, in the first 6 months of the current financial year, PAT has increased from Rs 207 crore to Rs 300 crore compared to last year, which is a record high. At the same time, there has been an 8 percent increase in operating income. Net NPA decreased from 5.97% to 4.87% during the semester. At the same time, in the second quarter of the current fiscal year, the company made a profit of Rs 110 million.

Last month, IREDA signed a memorandum of understanding (MoU) with North Eastern Electric Power Corporation to help raise funds and develop renewable energy projects. In a statement, IREDA said that under the Memorandum of Understanding (MoU), the agency will undertake techno-financial programs for renewable energy, energy efficiency and conservation projects for NEEPCO. IREDA will help in the preparation of action plans for the creation and acquisition of renewable energy projects during the next five years. IREDA President and Managing Director Pradeep Kumar Das said the memorandum of understanding will contribute to achieving the government’s goal of reducing carbon emissions by 33% by 2030. Das said: “Through the signing of the MoU, IREDA will continue to improve cooperation and coordination with NEEPCO. At the same time, the agency will work together to expand additional work for the development of renewable energy and to address the problem of climate change. Previously, IREDA had signed memoranda of understanding with SJVN, NHPC, etc.

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