IREDA sets new record in green financing worth Rs 59,650 crore

Prameyanews English

Published By : Prameya News Bureau | April 02, 2024 IST

IREDA sets new record in green financing worth Rs 59,650 crore

New Delhi, April 2: Indian Renewable Energy Development Agency Limited (IREDA), the largest pure-play green financing NBFC in the country, has achieved its highest-ever annual loan sanctions and disbursements in the financial year 2023-24.

The company has sanctioned loans amounting to Rs. 37,354 crores and disbursed loans worth Rs. 25,089 crores 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 crores.

The business performance (provisional) for the quarter and year ended March 31, 2024, 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 performance of the company, Chairman and Managing Director of IREDA Pradip Kumar Das 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 the 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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IREDA sets new record in green financing worth Rs 59,650 crore
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IREDA sets new record in green financing worth Rs 59,650 crore
IREDA sets new record in green financing worth Rs 59,650 crore
IREDA sets new record in green financing worth Rs 59,650 crore
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IREDA sets new record in green financing worth Rs 59,650 crore
IREDA sets new record in green financing worth Rs 59,650 crore
IREDA sets new record in green financing worth Rs 59,650 crore

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