Optimum mining technology is the need of the hour: Coal Minister (See 'Corp Brief') SEBI Act - Assisting clients in performing reversal of trades is violation of Code of Conduct for Stock Brokers : SEBI (See 'Legal Desk') IBC - Conduct of Mr. Srigopal Choudhary of not providing requisite information/document evidences deliberate and wilful non-cooperation with Inspecting Authority : IBBI (See 'Legal Desk') PMLA - Before commencement of trial accused is not entitled for supply of documents which have been allegedly seized by Directorate of Enforcement : HC (See 'Legal Desk') MOIL to target double digit production growth in FY'24 (See 'Corp Brief') IBC - Application filed u/s 9 of IBC can be admitted as Operational Creditor has successfully demonstrated and proved debt and default : NCLT (See 'Legal Desk') Trade Marks Act - Use of identical trademarks, in relation to identical goods, while catering to same end-use consumers lead to trade mark infringement : HC (See 'Legal Desk') SARFAESI - Appeal / application u/s 17 can be filed only before DRT within whose jurisdiction secured asset against which action is taken is situated and in no other DRT: HC (See 'Legal Desk') CCI approves acquisition of shares of Acko Technology by Multiples Private Equity Funds (See 'Corp Brief') PMLA - Since petitioner has already availed of appellate remedy, it is appropriate to relegate both Petitioners to pursue their appellate remedies before Appellate Tribunal, under PMLA : HC (See 'Legal Desk') Oil India logs net profit of Rs 6810 Cr (See 'Corp Brief') PMLA - Petitioner who claims to be beneficial interest in property ought to approach Appellate Tribunal u/s 26 of Act : HC (See 'Legal Desk') IBC - Application filed u/s 9 of IBC can be admitted as Operational Creditor has successfully demonstrated and proved debt and default : NCLT (See 'Legal Desk') India striving to eliminate TB by 2025: Dr Mandaviya (See 'Corp Brief') MPLRC - Predecessor in title of respondents was granted bhoomiswami rights prior to 1980, therefore bar u/s 165(7-b) of MPLRC, is not be applicable : HC (See 'Legal Desk') Innovate to make India a 'leader' from an 'imitator' in futuristic technologies: Raksha Mantri (See 'Corp Brief') Trade Marks - Till time case is decided on merits, interim order to safeguard interest of both parties can be passed : HC (See 'Legal Desk') India to soon acquire its fastest Supercomputer by next March: Rijiju (See 'Corp Brief')

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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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