IREDA Loan Sanctions Up 27% to ₹47,453 Cr

The Indian Renewable Energy Development Agency (IREDA) has demonstrated robust growth in the fiscal year 2024-25, signaling a continued commitment to financing the nation’s renewable energy transition. The agency’s loan sanctions experienced a significant surge, rising by 27% to reach ₹47,453 Crore. This substantial increase underscores the growing demand for financial assistance in the renewable energy sector, reflecting the momentum behind India’s ambitious green energy targets.

Furthermore, IREDA’s loan book witnessed a commendable expansion of 28%, reaching ₹76,250 Crore. This expansion not only highlights the agency’s effectiveness in disbursing sanctioned loans but also demonstrates its strengthened position as a key financier in the renewable energy ecosystem. The growth in both loan sanctions and the loan book suggests a proactive approach in identifying and supporting viable renewable energy projects across various sectors.

In conclusion, IREDA’s strong financial performance in FY 2024-25, marked by substantial increases in both loan sanctions and the loan book, reaffirms its pivotal role in facilitating the deployment of renewable energy technologies and contributing to India’s sustainable development goals. The agency’s performance provides a positive outlook for the continued growth and expansion of the renewable energy sector in India.

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