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Government Extends Bijay Kumar Mohanty’s Additional IREDA Charge
The government has allowed Bijay Kumar Mohanty to continue temporarily as IREDA’s chairman and managing director.
This extra responsibility will last for three months from 1 October 2026, unless a permanent leader is appointed sooner.
IREDA is a company that supports renewable-energy projects.
Its shares closed at ₹111.
The shares have fallen a lot from their highest price of ₹310.
However, they are still worth more than their original issue price of ₹32.
The company said its profit rose to ₹1,873 crore in FY26.
It also approved and paid out large amounts of money for renewable-energy projects.
The Ministry of New and Renewable Energy extended Bijay Kumar Mohanty’s additional CMD charge at IREDA for three months from 1 October 2026, or until a regular appointment or further orders.
IREDA shares closed at ₹111 on 1 October, down 0.61% for the day and 64% below their ₹310 all-time high.
The stock is down 20% year-to-date and 28% over the past year, but remains 247% above its ₹32 issue price.
IREDA reported FY26 profit after tax of ₹1,873 crore, a 10% year-on-year increase.
FY26 sanctions reached ₹51,883 crore, disbursements stood at ₹34,946 crore, and the gross loan portfolio reached ₹93,069 crore.
- Who
- The Ministry of New and Renewable Energy and Bijay Kumar Mohanty of the Indian Renewable Energy Development Agency.
- What
- The government extended Mohanty’s additional charge as IREDA’s chairman and managing director.
- Where
- At the Indian Renewable Energy Development Agency; its shares trade on the NSE.
- When
- The extension is effective from 1 October 2026 for a further three months, or until a regular appointment or further orders.
- Why
- The articles do not state why the additional charge was extended.
Key facts
- Share price on 1 October
- ₹111, down 0.61% on the NSE
- All-time high
- ₹310 on 15 July 2024
- Issue price
- ₹32; the stock is up 247% from that price
- FY26 profit after tax
- ₹1,873 crore, up 10% year-on-year
- FY26 sanctions
- ₹51,883 crore
- FY26 disbursements
- ₹34,946 crore
- Gross loan portfolio
- ₹93,069 crore in FY26
- Net interest margin
- 3.65% in FY26, compared with 3.27% in FY25
Quotes
Indian Renewable Energy Development Agency
Indian state-owned renewable energy finance company that issued the exchange filing
“..the Ministry of New and Renewable Energy approved the extension of the additional charge of the post of Chairman and Managing Director (CMD), to Dr. Bijay Kumar Mohanty, Director (Finance), IREDA, for a further period of three months, effective from 1 October 2026, or till the appointment of a regular incumbent, or until further orders, whichever is earliest,”
livemint.com
Sources
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