IREDA CMD Addresses Q1 Provisions, Gensol NPA, And Future Outlook

Pradip Kumar, CMD of IREDA, revealed that the company made provisions worth Rs 275 crore against Gensol Engineering, contributing significantly to the increased provisions in Q1. He clarified that a 60% provisioning was made against Gensol Engineering's NPA account of around Rs 700 crore, noting that recovery might take some time but doesn't anticipate further provisioning once their vehicles are operational again in a few months. Watch the entire video to know more.