IREDA Breaks Records with Highest Loan Sanctions and Disbursements Ever
IREDA
Indian Renewable Energy Development Agency Limited (IREDA), the largest pure-play green financing NBFC in the country, has achieved its highest-ever annual loan sanctions and disbursements in the financial year 2023-24. The company has sanctioned loans amounting to Rs. 37,354 crores and disbursed loans worth Rs. 25,089 crores during the fiscal year. This has led to a significant growth of 26.71% in the loan book, which now stands at Rs. 59,650 crores.
The business performance (provisional) for the quarter and year ended March 31, 2024, subject to audit, is as follows:
| Business Performance for Quarter / Year Ended 2023-24 (Provisional) | ||||||
| (In Rs. Crore) | ||||||
|
Particulars |
For the 4th Quarter ended | For the Year ended 31st March | Growth (%) | |||
| 2023-24 | 2022-23 | 2023-24 | 2022-23 | For Q4 | Year ended | |
| Loan Sanctioned | 23,796 | 11,797 | 37,354 | 32,587 | 101.71% | 14.63% |
| Loan Disbursements | 12,869 | 11,291 | 25,089 | 21,639 | 13.98% | 15.94% |
| Loan book Outstanding as on 31st March 2024 |
59,650 |
47,076 |
26.71% |
|||
Commenting on the performance of the company, Chairman and Managing Director of IREDA Shri Pradip Kumar Das said: “IREDA’s record loan sanctions and disbursements for the financial year 2023-24 underscore our untiring commitment to driving the renewable energy revolution in the country.
IN FEBRUARY 2024, THE COAL SECTOR SAW THE HIGHEST GROWTH OF 11.6% AMONG THE EIGHT CORE INDUSTRIES.
This achievement wouldn’t have been possible without the invaluable support of our stakeholders, business-partners, and investors. We are happy to contribute significantly towards Govt. of India’s renewable energy targets and look forward to further amplifying our impact in the coming years.”
https://www.facebook.com/newz24india.in/
Source: https://pib.gov.in/
