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New Delhi : Indian Renewable Energy Development Agency Ltd. (IREDA) on September 26, 2020, opened its third branch office in the country in Mumbai for facilitation of its customer, borrowers, and other stakeholders. The Agency, a Mini Ratna (Category– I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE), already has two branch offices in Chennai and Hyderabad.

Pradip Kumar Das, CMD, IREDA,opened the new office of the company in Andheri East, Mumbai, on September 26 in the presence of  Chintan Shah, Director (Technical), borrowers and other senior officials. Speaking on the occasion, CMD Das said, “Mumbai branch is an important step towards realising the company’s vision for expansion of business. It will provide the easy access and services to the company’s borrowers and stakeholders in the region.”

CMD Das said, “Mumbai being the financial capital and with a large concentration of IREDA’s business nearby, the opening of the branch was a long felt need.  In the time of the COVID-19 pandemic, this step will be especially helpful to all concerned.”  Das said the company will consider opening of branch offices in other parts of country as per potential of business. He underlined that the current drive of the company for decentralisation is part of its commitment to ease of doing business, an agenda set out by the Government, according to a PIB release.

IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: “ENERGY FOR EVER”. IREDA’s corporate and registered office is located in New Delhi.