Indian Renewable Energy Development Agency (IREDA), a non-banking financial company (NBFC) under the Ministry of New and Renewable Energy (MNRE), recorded an all-time high annual profit after tax (PAT) of ₹6.34 billion (~$82.84 million) in the financial year (FY) 2021-22, an 83% year-over-year (YoY) growth compared to ₹3.46 billion (~$45.21 million) in the previous year.