New Delhi: During the April-September period of this fiscal year, Indian Renewable Energy Development Agency Ltd (IREDA) reported a 303 per cent increase in loan sanctions to Rs 17,860 crore.
The company stated that loan disbursements experienced a notable increase, rising by 56 percent to Rs 9,787 crore from Rs 6,273 crore reported in September 2023. The company had a loan book outstanding of Rs 64,500 crore, showing a 36 percent increase from Rs 47,514 crore in the previous year.
CMD of IREDA, Pradip Kumar Das, stated that IREDA's positive financial outcomes demonstrate the rising need for clean energy funding and our commitment to assisting the shift towards green energy.
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