IREDA Presents Action Taken Report During Its 17th Stakeholders’ Meet
A detailed presentation highlighting IREDA's financial performance as of June 2024, along with recent business initiatives and key milestones achieved in the renewable energy sector were discussed during the virtual meeting.
August 26, 2024. By News Bureau
The event commenced with a detailed presentation highlighting IREDA's historic financial performance as of June 2024, along with recent business initiatives and key milestones achieved in the renewable energy sector.
Das emphasised the company’s commitment to maintaining high asset quality. He said, “We are consistently working to improve our asset quality and will continue to handhold our customers and business partners as we collectively strive towards achieving the nation’s target of 500 GW of installed electricity capacity from non-fossil fuel by 2030.”
A notable feature of the event was the Action Taken Report (ATR) presented on major suggestions received during the previous interaction held on May 6, 2024. “These suggestions included the introduction of a Line of Credit towards working capital requirements, digital signing of loan documents and the consideration of equity funding or short-term funding for the Hydro sector, etc.,” noted a statement issued by IREDA.
The dialogue saw active participation from borrowers in the solar, wind, hydro, bioenergy and emerging technologies sectors engaged in productive discussions about sector-specific issues, state policies and other challenges. Many customers praised IREDA for its ease of doing business approach, paperless processes and speedy loan sanctions and disbursements.
According to the statement, the insights and suggestions shared by the customers during the discussion are expected to greatly help IREDA in supporting the nation's transition to a green energy future.
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