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Ireda files EoW complaint against Gensol for falsified documents

April 26, 2025

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Financial Express Kolkata

STATE-RUN INDIAN Renewable Energy Development Agency (Ireda) on Friday said that it has initiated an internal review following recent developments concerning Gensol Engineering and its promoters & associate companies in accordance with RBI guidelines and the company's due diligence protocols.

- ARUNIMA BHARADWAJ

STATE-RUN INDIAN Renewable Energy Development Agency (Ireda) on Friday said that it has initiated an internal review following recent developments concerning Gensol Engineering and its promoters & associate companies in accordance with RBI guidelines and the company's due diligence protocols. The company has filed a complaint on above matters with the Economic Offences Wing, it said.

The public sector non-banking financial company said that Gensol's account is currently under stress but is not classified as a non-performing asset (NPA).

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