https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA’s Loan Surges Manifold to Rs 9,136 Crores in Q1, FY25

IREDA's efforts are aimed at fostering sustainable development and reducing carbon emissions in alignment with national and global environmental objectives
Indian Masterminds Stories

PSU Indian Renewable Energy Development Agency Limited (IREDA) reported an impressive performance for the first quarter (Q1) ended June 30th. IREDA loan grows manifold to Rs 9,136 crores in Q1, FY25.

With this development, the PSU continues to play a pivotal role in financing renewable energy projects across various sectors, including solar, wind, hydro, biomass, waste to energy, ethanol, electric mobility and emerging technologies like Green Hydrogen and Offshore Wind, etc.

During the first quarter of FY 2024-25, IREDA sanctioned loans amounting to Rs 9,136 crore, reflecting a significant growth of 382.62% compared to Rs 1,893 crore in the corresponding quarter of the previous fiscal year. Disbursements during the same period stood at Rs 5,320 crore, marking an increase of 67.61% year-on-year compared to Rs 3,174 crore in the first quarter of FY 2023-24. The total loan book outstanding as of June 30th, reached Rs 63,150 crore, representing a notable growth of 33.77% from Rs 47,207 crore in the previous year.

Lauding the achievement, IREDA’s Chairman and Managing Director (CMD), Mr. Pradip Kumar Das, said, “IREDA’s robust performance in the first quarter underscores our commitment to accelerating the deployment of renewable energy solutions in India. The substantial increase in loan sanctions and disbursements reflects our proactive approach to supporting projects contributing to India’s renewable energy goals.”

IREDA’s efforts are aimed at fostering sustainable development and reducing carbon emissions in alignment with national and global environmental objectives.


Indian Masterminds Stories
Related Stories
NEWS
IPS resized
IPS Banavath Aravind Given Inter-Cadre Deputation To Tamil Nadu
IAS
UP: IAS Manoj Singh is Awaiting New Posting
West bengal Government WB
WB: IAS Priyanka Garg & 2 Other Officers Given Fresh Posting
Uttar Pradesh UP Government
UP: IAS Udai Bhanu Tripathi & Kanchan Saran Given Fresh Posting
DGP Kailash makwana
Meet Kailash Makwana, the New DGP of Madhya Pradesh
IPS Deepam Seth
Who is IPS Deepam Seth? The New DGP of Uttarakhand
Odisha govt_resized
Odisha: 8 IAS Officers Transferred, Chithra Arumugam Made Principal Secy, Labour and ESI Dept
IPS R P Upadhyay
IPS R P Upadhyay To Retire Soon
Videos
dfdfdfdfd
Using Cartooning In Public Relations
WhatsApp Image 2024-11-20 at 18.06
Hyderabad's Transformation From The City of Pearls to Cyberabad
IMG-20241118-WA0002
The Journey Behind Kathakar Ki Diary | Video Interview 
ADVERTISEMENT
Latest
IPS resized
IPS Banavath Aravind Given Inter-Cadre Deputation To Tamil Nadu
IAS
UP: IAS Manoj Singh is Awaiting New Posting
ADVERTISEMENT
Videos
dfdfdfdfd
WhatsApp Image 2024-11-20 at 18.06
IMG-20241118-WA0002
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT