Ministry of New and Renewable Energy
IREDA sets New Record: achieves Highest Ever Loan Sanctions and Disbursements
Posted On:
02 APR 2024 11:09AM by PIB Delhi
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:
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Business Performance for Quarter / Year Ended 2023-24 (Provisional)
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(In Rs. Crore)
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Particulars
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For the 4th Quarter ended
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For the Year ended 31st March
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Growth (%)
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2023-24
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2022-23
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2023-24
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2022-23
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For Q4
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Year ended
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Loan Sanctioned
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23,796
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11,797
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37,354
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32,587
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101.71%
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14.63%
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|
Loan Disbursements
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12,869
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11,291
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25,089
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21,639
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13.98%
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15.94%
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Loan book Outstanding as on 31st March 2024
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59,650
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47,076
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26.71%
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Commenting on the performance of the company, Chairman and Managing Director of IREDA Shri 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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