Indian Renewable Energy Development Agency Limited (IREDA Latest Updates

Gensol Group Loan Fraud Classification On July 10, 2026, IREDA formally classified loan accounts worth ₹672.74 crore associated with the Gensol Group as fraudulent and reported the case directly to the Reserve Bank of India (RBI). The classification involves a total exposure of ₹453.77 crore to Gensol Engineering and ₹218.97 crore to Gensol EV Lease, following internal findings of alleged forgery, breach of trust, and systemic diversion of funds. Interim Leadership Transition Effective July 1, 2026, Dr. Bijay Kumar Mohanty, Director (Finance), was officially entrusted with the additional charge of Chairman & Managing Director (CMD) of IREDA. This transition follows the cessation of tenure of outgoing CMD Mr. Pradip Kumar Das, as disclosed in compliance filings under SEBI LODR regulations. FY26 Annual & Q4 Earnings Performance For the full financial year 2025–26, IREDA reported a total annual income of ₹8,338.89 crore (+23.4% YoY) and a net profit (PAT) of ₹1,874 crore (+10.3% YoY). In the fourth quarter (Q4 FY26), total income rose 13.9% YoY to ₹2,181.28 crore; however, quarterly net profit experienced a mild 1.8% YoY decline to ₹492.63 crore due to elevated impairment provisions on financial assets. Capital Adequacy & Provisioning Cushion Under the newly adopted RBI Prudential Norms on Capital Adequacy effective March 31, 2026, IREDA optimized its Risk-Weighted Assets (RWA) down by ₹7,787.77 crore, which automatically boosted its Capital to Risk-Weighted Assets Ratio (CRAR) by 1.83%. Additionally, the agency enhanced its Stage III Provision Coverage Ratio (PCR) to 63.88% in FY26, up from 45.31% in the prior fiscal year to strengthen its balance sheet cushion.