IREDA, the Indian Renewable Energy Development Agency Limited, has marked a significant milestone in the fiscal year 2023-24, achieving its highest-ever annual loan sanctions and disbursements. The company, renowned as the largest pure-play green financing NBFC in the nation, sanctioned loans totalling ₹37,354 crores and disbursed loans amounting to ₹25,089 crores during this period. This impressive performance reflects a notable growth of 26.71% in the loan book, which now stands at a formidable ₹59,650 crores.
For the fourth quarter ended in March 2024, IREDA continued its robust performance, recording remarkable figures in loan sanctions and disbursements. The loan sanctions for the quarter soared to ₹23,796 crores, marking a substantial growth of 101.71% compared to the same period in the previous fiscal year. Similarly, the disbursements for the quarter reached ₹12,869 crores, representing a commendable growth of 13.98%.
Commenting on the company’s outstanding performance, Pradip Kumar Das, CMD of IREDA, emphasized the organization’s relentless commitment to driving the renewable energy revolution in the country. He attributed this remarkable achievement to the unwavering support of stakeholders, business partners, and investors. He also highlighted IREDA’s pivotal role in contributing significantly towards the Government of India’s renewable energy targets and expressed optimism about further amplifying their impact in the years to come.
