Indian Renewable Energy Development Agency Limited (IREDA), in partnership with its knowledge partner Boston Consulting Group (BCG), convened a Strategic Meeting in Gurugram today, February 2, 2024, focusing on key aspects of business expansion and initiatives aimed at cost reduction in fund utilization.
The Strategy Team of IREDA presented their initiatives, incorporating a comprehensive report on Key Performance Indicators (KPIs) and proposed IT-based enhancements aimed at improving overall efficiency and user experience. Deliberations included discussions on the anticipated Gross Non-Performing Assets, accompanied by the formulation of a robust recovery action plan to ensure financial stability amid potential challenges.
The strategic meet extensively covered the retail sector and outlined the proposed IREDA strategy for retail growth among other things. A central theme of the discussions was the implementation of initiatives to reduce the Cost of Funds. The leadership team conducted a thorough review of domestic and foreign lines, exploring strategies for optimizing bond-raising to address excess liquidity.
