State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday said that it has recorded its highest-ever annual loan sanctions and disbursements in fiscal 2023-24. The company has sanctioned loans amounting to Rs 37,354 crore and disbursed loans worth Rs 25,089 crore during the fiscal year 2023-24, an IREDA statement said.<\/p>\n
According to the statement, this has led to a significant growth of 26.71 per cent in the loan book, which now stands at Rs 59,650 crore compared to Rs 47,076 crore a year ago.<\/p>\n
The annual loan sanctions grew 14.63 per cent to Rs 37,354 crore in 2023-24 from Rs 32,587 crore in 2022-23.<\/p>\n
Similarly, the annual loan disbursements rose by 15.94 per cent to Rs 25,089 crore in 2023-24 from Rs 21,639 crore in 2022-23.<\/p>\n
During the January-March 2024 quarter, loan sanctions more than doubled to Rs 23,796 crore from Rs 11,797 crore in the same quarter a year ago, according to the statement.<\/p>\n
Similarly, the loan disbursements have gone up by 13.98 per cent to Rs 12,869 crore in the fourth quarter of 2023-24 from Rs 11,291 crore a year ago.<\/p>\n
Pradip Kumar Das, Chairman and Managing Director of IREDA, said, “IREDA’s record loan sanctions and disbursements for the financial year 2023-24 underscore our untiring commitment to driving the renewable energy revolution in the country.”<\/p>\n
IREDA, the largest Pure-Play Green Financing NBFC (Nonbank Financial Company) in the country, achieved its highest-ever annual loan sanctions and disbursements for the financial year 2023-24, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"
State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday said that it has recorded its highest-ever annual loan sanctions and disbursements in fiscal 2023-24. The company has sanctioned loans amounting to Rs 37,354 crore and disbursed loans worth Rs 25,089 crore during the fiscal year 2023-24, an IREDA statement said. According to the statement, this has led to a significant growth of 26.71 per cent in the loan book, which now stands at Rs 59,650 crore compared to Rs 47,076 crore a year ago. The annual loan sanctions grew 14.63 per cent to Rs 37,354 crore in 2023-24 from Rs […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-640499","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/640499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=640499"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/640499\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=640499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=640499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=640499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}