IREDA Records 27% Jump In Loan Sanctions For FY 2024-25
It signed a five-year agreement for a 26 billion Yen loan from the SBI’s Tokyo branch
IREDA Records 27% Jump In Loan Sanctions For FY 2024-25
The Indian Renewable Energy Development Agency Limited (IREDA) on Monday reported 27 per cent jump in loan sanctions to Rs. 47,453 crore for the financial year ending on March 31, 2025 compared with the corresponding figure of Rs. 37,354 crore in the previous year.
Loan disbursements rose by 20 per cent to Rs 30,168 crore in 2024-25 from Rs 25,089 crore in FY 2023-24. Outstanding loans expanded by 28 per cent, reaching Rs. 76,250 crore as of March 31, 2025, up from Rs 59,698 crore in the previous year, according to the latest data from IREDA.
Its Managing Director Pradip Kumar Das said: "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."
