Indian Renewable Energy Development Agency Limited (IREDA) has announced strong financial results for the first half of the fiscal year 2024-25, showcasing significant growth in its operations. According to provisional data as of September 30, 2024, IREDA recorded a remarkable 303 percent increase in loan sanctions, reaching Rs 17,860 crore, compared to Rs 4,437 crore during the same period last year.
The company’s loan disbursements also saw substantial growth, rising by 56 percent to Rs 9,787 crore from Rs 6,273 crore in the previous fiscal year. Additionally, the outstanding loan book has grown to Rs 64,500 crore, marking a 36 percent increase from Rs 47,514 crore a year earlier.
IREDA Chairman and Managing Director, Pradip Kumar Das, attributed this impressive performance to the rising demand for renewable energy financing and the agency’s commitment to supporting India’s clean energy transition. “These exceptional results reflect our dedication to advancing the country’s renewable energy goals and meeting the growing demand for green energy funding,” Das stated. He also emphasized the company’s commitment to corporate governance and thanked investors, stakeholders, and customers for their trust and partnership.
