IREDA loan exposure to Odisha-based projects stands at Rs1,540 cr
IREDA's financial interventions in Odisha have been significant, with a loan book exceeding Rs 1,540 crore for Odisha-based projects as of Q3 FY25
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New Delhi: IREDA has a loan exposure of Rs1,540 crore to Odisha-based energy projects as of December 2024, the company's CMD Pradip Kumar Das said. The official made the remarks at 'Sustainable Growth of Renewable Energy & Equipment Manufacturing' at Utkarsh Odisha 2025 event in Bhubaneswar, IREDA said in a statement. "IREDA's financial interventions in Odisha have been significant, with a loan book exceeding Rs 1,540 crore for Odisha-based projects as of Q3 FY25," the statement said Das as saying. IREDA is committed to financing Odisha's renewable energy transition by bridging financing gaps, promoting green investments, and ensuring the rapid deployment of clean energy projects, he said. The company has logged a 41 per cent year on year loan disbursement growth to Rs 17,236 crore in the December quarter. Under the Ministry of New and Renewable Energy (MNRE), Indian Renewable Energy Development Agency Ltd (IREDA) is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.
