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

The company has sanctioned loans amounting to Rs. 37,354 crore and disbursed loans worth Rs. 25,089 crore during the fiscal year.

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.

 

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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%

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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."
 

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