IREDA Recruitment 2026: Career Guide & Vacancy Details

About IREDA Careers

🏛️ Organization Overview

Established in 1987, the Indian Renewable Energy Development Agency Limited (IREDA) operates as a Non-Banking Financial Institution (NBFC) under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA's core mission is to promote, develop, and extend financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency.

In April 2024, IREDA achieved the prestigious Navratna status, granting it greater financial autonomy and making it a powerhouse in the Indian public sector. With its corporate office in New Delhi and strategic branch offices in cities like Chennai, Hyderabad, and Mumbai, IREDA plays a pivotal role in achieving India’s goal of 500 GW non-fossil fuel capacity by 2030. Working here means being at the forefront of global climate action and sustainable finance.

💼 Key Job Profiles (Evergreen Roles)

• Assistant Manager (Finance/Accounts): The backbone of IREDA, these officers handle project financing, credit appraisal, and resource mobilization. This role typically requires CA, CMA, or MBA (Finance).
• Technical Officer / Engineer: Responsible for the technical evaluation of renewable energy projects (Solar, Wind, Hydro, and Biomass). These roles are usually filled by B.E./B.Tech graduates.
• Junior Executive / Assistant: Support roles in administration, HR, and legal departments. These are entry-level gateways for graduates and post-graduates looking for a stable administrative career.

💰 Salary & Employee Benefits

As a Navratna PSU, IREDA follows the Industrial Dearness Allowance (IDA) pattern pay scales. Executive levels generally start from E-1 and can progress to E-9.

Standard Perks & Benefits:

• Pay Scales: Competitive IDA scales (e.g., ₹60,000 - ₹1,80,000 for entry-level Executives).
• Allowances: Cafeteria approach for perks (up to 35% of Basic Pay) covering HRA, conveyance, and professional pursuit.
• Performance Related Pay (PRP): Significant annual bonuses based on individual and organizational performance.
• Social Security: Comprehensive Medical Insurance, Gratuity, and Contributory Provident Fund.

🎯 Selection Process

IREDA follows a transparent and multi-layered selection process to ensure the highest standards of professional competency:

1. Written / Computer Based Test (CBT): An objective exam covering General Aptitude, Reasoning, English, and a significant portion dedicated to Professional Knowledge (Finance or Engineering).
2. Group Discussion (GD): Conducted for executive-level roles to assess leadership and communication skills.
3. Personal Interview: The final stage where a panel evaluates the candidate’s technical depth and cultural fit for a financial institution.
4. Medical Fitness: Candidates must meet the health standards prescribed by the organization before the final letter of intent is issued.

💡 Expert Tips: How to Crack IREDA Exams

• Master Financial Ratios & RE Policy: For Finance roles, focus heavily on project finance, credit risk, and the latest Ministry of New and Renewable Energy (MNRE) guidelines.
• Quantitative Aptitude is Key: Entry-level exams often use the IBPS/Banking pattern. Speed and accuracy in the Quant and Data Interpretation sections are vital.
• Understand Navratna Privileges: During interviews, candidates who demonstrate knowledge of IREDA’s Navratna status and its role in the "Green Hydrogen Mission" or "International Solar Alliance" stand out.