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. The business performance for the quarter and year ended March 31, 2024 (provisional), subject to audit, is as follows:
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 unwavering 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 the Government of India’s renewable energy targets and look forward to further amplifying our impact in the coming years.”
