IREDA CMD Pradip Kumar Discusses Q3 Results, Growth Strategies, and Outlook for FY25. In a comprehensive discussion with Business Today TV, Pradip Kumar, CMD of the Indian Renewable Energy Development Agency Ltd. (IREDA), delves into the company’s performance, strategies, and the evolving landscape of renewable energy financing in India. The conversation highlights IREDA’s efforts to explore newer demand areas, including small-ticket projects in bio-energy, e-mobility, and energy storage, while also expanding into green hydrogen and larger hydro projects. These areas are expected to be significant drivers of renewable energy growth, with government-backed funding likely to boost the emerging segments. On the financial front, IREDA has demonstrated robust growth, with its net worth climbing significantly in recent years, supported by equity infusions and plans for further fundraising through QIP and engagement with green investors. The agency’s efforts to reduce borrowing costs, combined with strong corporate governance practices, are aimed at fostering trust and attracting sustainable investments. Looking ahead to FY25, the renewable energy sector is poised for further expansion, driven by the government’s push for green energy and the increasing adoption of sustainable technologies. IREDA’s focus on efficient project monitoring, competitive funding strategies, and fostering innovation in areas like green hydrogen is aligned with the broader goals of the sector. However, challenges such as ensuring project viability and managing costs remain critical as the sector navigates new technologies and global economic uncertainties. This discussion provides valuable insights into the evolving dynamics of India’s renewable energy financing and offers a broader perspective on the outlook for FY25 and beyond. 📺 Watch this excerpt from full interview to understand the trends, challenges, and opportunities shaping India’s renewable energy journey in FY25.