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IREDA Get Navratna Status

IREDA Get Navratna Status:

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