IREDA sanctions loans worth Rs 12,696 crore in 2019-20
The Indian Renewable Energy Development Agency Ltd (IREDA) has sanctioned loans worth Rs 12,696 crore and has disbursed Rs 8,785 crore, supporting capacity addition of 5,673 MW during 2019-20, a Ministry of New & Renewable energy statement said.
At the 33rd Annual General Meeting (AGM) of IREDA, the PSU under the Ministry of New & Renewable Energy held on November 11, the annual accounts for the financial year 2019-20 were adopted.
Addressing the directors and shareholders, Pradip Kumar Das, CMD, IREDA, highlighted the performance of FY 2019-20 and informed that gross income of the company increased to Rs 2,372.38 crore, registering a growth of 17.32 per cent.
IREDA has sanctioned loans of Rs 12,696 crore and disbursed Rs 8,785 crore. Loan sanctioned during the (financial) year including co-financed projects/takeover loans would support capacity addition of 5,673 MW (in 2019-20) as against 3,266 MW in 2018-19.
