Big Trigger For IREDA Stock: CMD Unveils Retail Expansion Plans

Indian Renewable Energy Development Agency (IREDA) is expanding its focus beyond large-scale project financing into the retail sector, specifically in areas such as e-mobility and rooftop solar projects. According to CMD Pradip Kumar, IREDA aims to enter deep-down retail finance but plans to do so strategically by partnering with local agencies that have a strong presence in regional markets. Kumar highlighted IREDA’s initial foray into retail through rooftop solar and the Kusum scheme, which they plan to expand further. The agency is developing a robust system to handle small-ticket loans, possibly even as low as Rs. 50,000 or Rs. 1 lakh. IREDA aims to fill a banking gap in the renewable energy sector, estimating a business potential of around Rs 8 lakh crore over the next 5-6 years. With an 11-12% market share in project financing, IREDA is poised to capture a significant portion of the market through its system-based approach, ensuring seamless connectivity between retail customers and banking services.