In his address, Shri Das urged ICMAI to position itself as a ‘CEO & CFO resource center of India,’ emphasizing strategic supply-side interventions. “Modernizing the curriculum to align with global standards is crucial,” he stated. “Incorporating emerging areas such as digital costing, artificial intelligence, ESG, export accounting and global fundraising into the syllabus will prepare professionals for evolving industry demands.”

He also recommended fostering interpersonal development by partnering with executive coaches. Highlighting demand-side interventions, Shri Das called for stronger corporate partnerships to design industry-relevant programs and certifications. “Embracing Artificial Intelligence and advanced analytical tools can empower CMAs to deliver innovative cost management solutions, crucial for India’s sustainable growth,” he added.

Shri Das emphasized the critical role of renewable energy, environmental sustainability, and energy security in realizing the Government of India’s vision for a developed India (Viksit Bharat) by 2047. He said, “A greener economy, driven by a holistic approach, not only meets the nation’s energy demands but also addresses the urgent challenges of climate change and resource conservation. Together, we can achieve the vision of a Viksit Bharat by 2047.”

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The leaders of these major Central Public Sector Enterprises focused on strategies to support the Government of India’s renewable energy goals and emphasized the significance of their collaboration. Shri Rajesh Kumar Dwivedi, Director (Finance), BHEL also attended the meeting and shared his insights during the discussion.

Emphasizing the importance of the collaboration, CMD, IREDA said, “The synergy between IREDA and BHEL will significantly contribute to India’s renewable energy ambitions. Together, we aim to enhance the pace of project execution and provide robust financing solutions to support Govt. of India in achieving the 500 GW target by 2030. This partnership is a step towards securing a sustainable energy future for India, in line with the nation’s Viksit Bharat vision for 2047.”

Both organizations reaffirmed their commitment to overcoming challenges in the renewable energy sector and contributing to a cleaner and greener India.

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MUMBAI: Indian Renewable Energy Development Agency Ltd. (IREDA) has reported a remarkable performance for the first quarter ended 30^th June 2024. According to provisional figures, subject to audit, the company recorded substantial increases in loan sanctions, disbursements, and its loan book.

During the first quarter of FY 2024-25, IREDA sanctioned loans amounting to Rs. 9,136 crore, reflecting a significant growth of 382.62% compared to Rs. 1,893 crore in the corresponding quarter of the previous fiscal year. Disbursements during the same period stood at Rs. 5,320 crore, marking an increase of 67.61% year-on-year compared to Rs. 3,174 crore in the first quarter of FY 2023-24. The total loan book outstanding as of 30^th June 2024, reached Rs. 63,150 crore, representing a notable growth of 33.77% from Rs. 47,207 crore in the previous year.

Pradip Kumar Das, CMD, IREDA, commented on the achievement, “IREDA’s robust performance in the first quarter underscores our commitment to accelerating the deployment of renewable energy solutions in India. The substantial increase in loan sanctions and disbursements reflects our proactive approach in supporting projects that contribute to India’s renewable energy goals.“

IREDA continues to play a pivotal role in financing renewable energy projects across various sectors, including solar, wind, hydro, biomass, waste to energy, ethanol, electric mobility, and emerging technologies like Green Hydrogen and Offshore Wind, etc. The company’s efforts are aimed at fostering sustainable development and reducing carbon emissions in alignment with national and global environmental objectives.

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