IREDA H1 Highlights: 303% Growth in Loan Sanctions, 56% Rise in Disbursements

Mumbai, 1st October 2024

Indian Renewable Energy Development Agency Limited (IREDA) has reported a remarkable performance in the first half of FY 2024-25. As per provisional figures up to September 30, 2024, IREDA has registered an impressive 303% growth in loan sanctions, surging .

The company’s loan disbursements also saw significant growth, increasing by 56%  of September 30, 2023. Also, the loan book outstanding stood , a growth of 36% from  in the previous year.

Commenting on the performance, Shri Pradip Kumar Das, CMD, IREDA, said, “This exceptional growth underscores our firm commitment to driving India’s renewable energy goals. IREDA’s strong financial results highlight the increasing demand for clean energy financing and our dedication to supporting the green energy transition. By announcing these provisional figures on the last day of the first half of the financial year, we continue to uphold the highest standards of corporate governance. We extend our gratitude to our investors, stakeholders, and customers for their trust and partnership, which have been instrumental in achieving this milestone.”