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.
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% |
|||
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."