Team News Riveting
New Delhi, April 2
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 crore and disbursed loans worth Rs 25,089 crore during the fiscal year. This has led to a significant growth of 26.71 per cent in the loan book, which now stands at Rs 59,650 crore.
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 Quarterended | Forthe 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 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. 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.”
