IREDA Sets New Records: Achieves Highest Ever Loan Sanctions and Disbursements

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA), the largest Pure-Play Green Financing NBFC in the country, achieved its highest-ever annual loan sanctions and disbursements for the financial year 2023-24. The company has sanctioned loans amounting to Rs. 37,354 crore and disbursed loans worth Rs. 25,089 crore during the fiscal year. This has led to a significant growth of 26.71% in the loan book, which now stands at Rs. 59,650 crore.

 

Read Also : WAPCOS CMD conferred with PSU Samarpan Award

The business performance for the quarter and year ended March 31, 2024 (provisional), subject to audit, is as follows:

Business Performance for Quarter / Year Ended 2023-24 (Provisional)
(In Rs. Crore)
Particulars	For the 4th Quarter ended		For the Year ended 31st March		Growth (%)
	2023-24	2022-23	2023-24	2022-23	For Q4	Year ended
Loan Sanctioned	23,796	11,797	37,354	32,587	101.71%	14.63%
Loan Disbursements	12,869	11,291	25,089	21,639	13.98%	15.94%
Loan book Outstanding as on 31st March 2024			59,650	47,076		26.71%

Read Also : DVC inks MoU with National Power Training Institute

Commenting on the exceptional performance of the company, Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, said, "IREDA's record loan sanctions and disbursements for the financial year 2023-24 underscore our untiring commitment to driving the renewable energy revolution in country. This achievement wouldn't have been possible without the invaluable support of our stakeholders, business-partners, and investors. We are happy to contribute significantly towards Govt. of India's renewable energy targets and look forward to further amplifying our impact in the coming years."
 

Read Also : ONGC Ex-CMD Subhash Kumar Joins ACE as Director General