IREDA’s Loan Sanctions Surge 27% to Rs 474.53 Bn in FY 2024-25

01 Apr 2025 CW Team

The Indian Renewable Energy Development Agency Limited (IREDA) has reported a 27% increase in loan sanctions, reaching Rs 474.53 billion for FY 2024-25, as per provisional data.

Loan disbursements also saw a 20% rise to Rs 301.68 billion, up from Rs 250.89 billion in the previous fiscal year. Additionally, the outstanding loan book expanded by 28%, standing at Rs 762.5 billion as of March 31, 2025, compared to Rs 596.98 billion in FY 2023-24.

IREDA’s Commitment to Renewable Energy Growth Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, emphasized the company’s commitment to transparency and corporate governance, stating: "IREDA’s consistent growth in loan sanctions, disbursements, and loan book reflects our unwavering dedication to financing renewable energy projects. We remain committed to supporting India’s clean energy transition through innovative and accessible financing solutions."

He expressed gratitude to the Union Minister for New & Renewable Energy, MNRE officials, regulators, and IREDA’s Board of Directors for their continued support. Shri Das also commended Team IREDA for their dedication in driving the organization’s success.

The provisional financial figures are subject to audit.

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