IREDA posts all-time high net profit of Rs 407 cr in Apr-Dec

State-owned Indian Renewable Energy Development Agency (IREDA) on Monday posted the highest-ever net profit of Rs 407.09 crore for the nine months ended on December 31, 2021.

“Indian Renewable Energy Development Agency (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE), has posted a total income from operations of Rs 2,136.64 crore and a profit after tax (PAT) of Rs 407.09 crore for nine months ended December 31, 2021,” the company said in a statement.

IREDA’s board of directors approved the audited financial results for the nine months ended December 31, 2021, in a meeting held on Monday.