IREDA Opens its Third Branch Office in India

With an aim to provide easy access and services to it’s customers, borrowers and other stakeholders in the region, state-owned Indian Renewable Energy Development Agency Ltd (IREDA) has opened its third branch office in the country in Mumbai.

Further, the agency, a Mini Ratna (Category– I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE) already has two branch offices in Chennai and Hyderabad. However, it’s corporate and registered office housed in New Delhi.

IREDA is a public limited government company established as a Non-Banking Financial Company (NBFC) in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/ conservation.

The new office of the company in Andheri East, Mumbai was opened by Pradip Kumar Das, CMD, IREDA in the presence of Chintan Shah, Director (Technical), borrowers and other senior officials.

Speaking on the occasion, Pradip Kumar Das, CMD, IREDA, said, “Mumbai branch is an important step towards realizing the company’s vision for expansion of business. It will provide the easy access and services to the company’s borrowers and stakeholders in the region.”

“Mumbai being the financial capital and with a large concentration of IREDA’s business nearby, the opening of the branch was a long felt need. In the time of the COVID-19 pandemic, this step will be especially helpful to all concerned,” Das added.

He also said that, the company will consider opening of branch offices in other parts of country as per potential of business.

Das further reiterated that the current drive of the company for decentralization is part of its commitment to ease of doing business, an agenda set out by the Government.