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IREDA sets record: Highest loan sanctions and disbursements

April 2, 2024 9:37 PM IST

IREDA | NBFC

The Indian Renewable Energy Development Agency Limited (IREDA), the leading green financing Non-Banking Financial Company (NBFC) in India, has achieved record-breaking annual loan sanctions and disbursements in the financial year 2023-24.

During this period, the company sanctioned loans totaling Rs. 37,354 crores and disbursed loans amounting to Rs. 25,089 crores.

According to the statement, this has led to a significant growth of 26.71% in the loan book, which now stands at Rs 59,650 crore compared to Rs 47,076 crore a year ago.

During the January-March 2024 quarter, loan sanctions more than doubled to Rs 23,796 crore from Rs 11,797 crore in the same quarter a year ago, according to the statement.

Similarly, the loan disbursements have gone up by 13.98 % to Rs 12,869 crore in the fourth quarter of 2023-24 from Rs 11,291 crore a year ago.

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