IREDA half-yearly profit declines 6% to Rs 151 cr

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NEW DELHI: State-run Indian Renewable Energy Development Agency (IREDA) today reported a 5.56 per cent decline in net profit at Rs 151.49 crore for the six months period ended March 31. The company had reported a net profit of Rs 160.42 crore in the same period a year ago, IREDA said in a BSE filing. The total income of the company declined to Rs 568.01 crore from Rs 583.35 crore in the year-ago period, it said.

The further said that it has paid an interim dividend of Rs 150 crore to the government on March 31. IREDA is a mini ratna under the administrative control of Ministry of New and Renewable Energy (MNRE). The main objectives of IREDA are to give financial support to specific projects and schemes for generating electricity and/or energy through new and renewable sources and conserving energy through energy efficiency among others.


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