Loans worth Rs 12,696 crore sanctioned by IREDA in 2019-20

17 Nov 2020 Editorial Team

Pradip Kumar Das, Chairman and Managing Director (CMD) of IREDA, while addressing various shareholders and directors, brought into attention the PSU’s performance in the financial year 2019-20. At this briefing, he notified them that the company’s net income witnessed an overall increase to haul an eventual figure of Rs 2,372.38 crore. In the process, IREDA registered a growth of almost 17.32 %. Overall the company’s transactions entailed sanctioning loans worth a total sum of Rs 12,696 crore.

The statement added that in a bid to lend support to a capacity addition of 5,763 MW, IREDA has further shelled out an additional Rs 8,785 crore, also during the course of the current financial year.

The loans authorised in the course of the current financial year serve the purpose of supporting a capacity addition of almost 5,673 MW in this year, a figure that exceeds the statistic of 3,266 MW that was registered in the fiscal year 2018-19. Additionally, the sanctioned loans will be comprising takeover loans as well as other co-financed projects.

In his address, the CMD further brought into the spotlight the fact that the nation’s green energy portfolio is registering a consistent growth in terms of both quantity as well as quality. With various policy motions of the government in places such as Solar and Wind hybrid technologies, Offshore Wind energy, Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM-KUSUM) Scheme, Biofuels like Compressed Biogas and Ethanol, Solar rooftop program, E-mobility and associated infrastructure, and others, the green energy portfolio is poised to get an additional boost as well, he added.

He also mentioned that IREDA will carry on with its efforts for securing novel lines of credit along with the cooperation of various multilateral and international lenders in a bid to satisfy the resource needs of the Renewable Energy sector. Further, the IREDA will also keep at its efforts of raising funds from various relevant sources and devote itself to the establishment of numerous alternative financial mechanisms.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

As per a statement issued by the Ministry of New & Renewable Energy, the Indian Renewable Energy Development Agency Ltd (IREDA) has sanctioned loans worth Rs 12,696 crore and Rs 8,785 crore has been disbursed, in support of capacity addition of 5,673 MW during 2019-20. The annual accounts for the financial year 2019-20 were adopted at the 33rd Annual General Meeting (AGM) of IREDA, the PSU under the Ministry of New & Renewable Energy (MNRE), held on November 11.Pradip Kumar Das, Chairman and Managing Director (CMD) of IREDA, while addressing various shareholders and directors, brought into attention the PSU’s performance in the financial year 2019-20. At this briefing, he notified them that the company’s net income witnessed an overall increase to haul an eventual figure of Rs 2,372.38 crore. In the process, IREDA registered a growth of almost 17.32 %. Overall the company’s transactions entailed sanctioning loans worth a total sum of Rs 12,696 crore. The statement added that in a bid to lend support to a capacity addition of 5,763 MW, IREDA has further shelled out an additional Rs 8,785 crore, also during the course of the current financial year. The loans authorised in the course of the current financial year serve the purpose of supporting a capacity addition of almost 5,673 MW in this year, a figure that exceeds the statistic of 3,266 MW that was registered in the fiscal year 2018-19. Additionally, the sanctioned loans will be comprising takeover loans as well as other co-financed projects. In his address, the CMD further brought into the spotlight the fact that the nation’s green energy portfolio is registering a consistent growth in terms of both quantity as well as quality. With various policy motions of the government in places such as Solar and Wind hybrid technologies, Offshore Wind energy, Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM-KUSUM) Scheme, Biofuels like Compressed Biogas and Ethanol, Solar rooftop program, E-mobility and associated infrastructure, and others, the green energy portfolio is poised to get an additional boost as well, he added.He also mentioned that IREDA will carry on with its efforts for securing novel lines of credit along with the cooperation of various multilateral and international lenders in a bid to satisfy the resource needs of the Renewable Energy sector. Further, the IREDA will also keep at its efforts of raising funds from various relevant sources and devote itself to the establishment of numerous alternative financial mechanisms.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Real Estate

04 Jun 2026

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..