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IREDA's Loan Sanctions rise 27% to Rs 47,453 Crore

Published: Apr 01, 2025

By TIOLCorplaws News Service

NEW DELHI, APR 01, 2025: INDIAN Renewable Energy Development Agency Limited (IREDA) yesterday reported significant growth in its financial performance for the fiscal year ending March 31, 2025, as per provisional data.

Loan sanctions for FY 2024-25 stood at Rs.47,453 crore, marking a 27% increase from Rs.37,354 crore in the previous year. Loan disbursements rose by 20% to Rs.30,168 crore, compared to Rs.25,089 crore in FY 2023-24. The outstanding loan book also expanded by 28%, reaching Rs.76,250 crore as of March 31, 2025, up from Rs.59,698 crore in the previous year.

Pradip Kumar Das, Chairman & Managing Director, IREDA, stated, "Announcing IREDA's annual performance on the last day of the financial year underscores our strong commitment to the highest standards of corporate governance and transparency with our investors. IREDA's consistent growth in loan sanctions, disbursements, and loan book reflects our strong dedication to financing renewable energy projects. We remain committed to supporting India's clean energy transition through innovative and accessible financing solutions."

"I sincerely thank Hon'ble Union Minister; Hon'ble Union Minister of State, Ministry of New & Renewable Energy; Secretary, MNRE; our Board of Directors; Regulators; and officials of MNRE and other ministries for their unwavering support. I appreciate the dedication and relentless efforts of the Team IREDA, whose commitment drives our success", Das added.

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