H1 Performance: IREDA registers 303% growth in loan sanctions; 56% in disbursements

IREDA has reported strong half yearly (H1) performance by registering 303 percent growth in loan sanctions and 56 percent in disbursements

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has reported a remarkable performance in the first half of FY 2024-25. As per provisional figures up to September 30, IREDA has registered an impressive 303 percent growth in loan sanctions, surging to Rs 17,860 crore compared to Rs 4,437 crore during the same period in FY 2023-24.

The company’s loan disbursements also saw significant growth, increasing by 56 percent to Rs 9,787 crore, compared to Rs 6,273 crore as of September 30, 2023. Also, the loan book outstanding stood at Rs 64,500 crore, a growth of 36 percent from Rs 47,514 crore in the previous year.

Commenting on the performance, IREDA CMD Pradip Kumar Das said, “This exceptional growth underscores our firm commitment to driving India’s renewable energy goals. IREDA’s strong financial results highlight the increasing demand for clean energy financing and our dedication to supporting the green energy transition. By announcing these provisional figures on the last day of the first half of the financial year, we continue to uphold the highest standards of corporate governance. We extend our gratitude to our investors, stakeholders, and customers for their trust and partnership, which have been instrumental in achieving this milestone.”