IREDA Sets New Record : Achieves Highest Ever Loan Sanctions And Disbursements
The PSU has sanctioned loans amounting to Rs. 37,354 crores and disbursed loans worth Rs. 25,089 crores during the fiscal year
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 PSU 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 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.”
