IREDA Achieves Remarkable Loan Disbursement Growth

State-owned Indian Renewable Energy Development Agency (IREDA) has reported a significant 41% increase in loan disbursement, reaching Rs 17,236 crore in the December quarter. This remarkable growth highlights IREDA's pivotal role in financing India's renewable energy projects.

Unprecedented Loan Sanctions in Q3

According to provisional figures, IREDA sanctioned loans worth Rs 31,087 crore in the third quarter, marking an extraordinary 129% Year-on-Year (YoY) rise compared to Rs 13,558 crore in the same period last year. This surge in loan sanctions reflects the increasing confidence of stakeholders in IREDA's capabilities.

Outstanding Loan Book Growth

The outstanding loan book of IREDA surged by 36%, reaching Rs 69,000 crore as of December 31, 2024, compared to Rs 50,580 crore last year. This growth is a testament to IREDA's unwavering commitment to driving India's renewable energy transition.

"The 129% growth in loan sanctions underscores the increasing confidence of stakeholders in our capabilities and our pivotal role in supporting green energy projects," stated Pradip Kumar Das, Chairman and Managing Director of IREDA.