IREDA loan surges to Rs 91.36 billion in April-June

02 Jul 2024 CW Team

Public sector non-banking financial company IREDA announced on that it experienced significant growth in its sanctioned loans, which reached Rs 91.36 billion during April-June FY25. The company's loan disbursements also saw a notable increase of 67.61 per cent, rising to Rs 53.20 billion in the same period, compared to Rs 31.74 billion in the corresponding period of the previous year.

According to the company's statement, the total outstanding loan book as of June 30, 2024, stood at Rs 631.50 billion, marking a 33.77 per cent rise from Rs 472.07 billion in April-June FY24.

Pradip Kumar Das, CMD of IREDA, remarked that the first quarter highlighted their commitment to accelerating the deployment of renewable energy solutions in India. He mentioned that the substantial increase in loan sanctions and disbursements reflected their proactive approach in supporting projects contributing to India's renewable energy goals.

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