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Rs 32,578 Cr loans sanctioned for Renewable Energy projects during FY 2022-23

Published: Mar 28, 2023

By TIOLCorplaws News Service

NEW DELHI, MAR 28, 2023: INDIAN Renewable Energy Development Agency Ltd. (IREDA) has achieved a significant milestone by achieving the loan disbursement of Rs. 16,320 during FY 2022-23. The earlier highest annual loan disbursement was during FY 2021-22 of Rs. 16,071 crores. IREDA also crossed highest annual loan sanction of Rs. 23,921 crores (loan sanction in FY 2021-22) and touched loan sanction of Rs. 32,578 crores (as on 27th March 2023).

The company has been actively contributing to India's transition towards a sustainable and clean energy future by providing financial assistance to Renewable Energy projects across the country at competitive rates.

Speaking on this achievement, Pradip Kumar Das, Chairman and Managing Director, IREDA, said, "The record-breaking loan disbursement and sanction reflects the company's commitment towards its mission of promoting and financing Renewable Energy projects in India. We are confident that, this will further strengthen our position as a leading financial institution in the RE sector in the country."

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