IREDA Reports Strong Growth With 27% Rise In Loan Sanctions, Boosting India’s RE Push

Indian Renewable Energy Development Agency Limited (IREDA) reported significant financial growth for the fiscal year ending March 31, 2025, based on provisional data. Loan sanctions for the year reached ₹47,453 crore, reflecting a 27% increase from ₹37,354 crore in the previous year. Loan disbursements also saw a rise of 20%, reaching ₹30,168 crore compared to ₹25,089 crore in FY 2023-24. The outstanding loan book expanded by 28%, reaching ₹76,250 crore as of March 31, 2025, up from ₹59,698 crore the previous year.

The Chairman and Managing Director of IREDA, Pradip Kumar Das, highlighted the agency’s strong financial performance and commitment to corporate governance. He stated that announcing the results on the last day of the financial year reflects the organization’s transparency and accountability towards investors. The consistent growth in loan sanctions, disbursements, and loan book size demonstrates IREDA’s dedication to financing renewable energy projects across the country.

He reaffirmed the agency’s commitment to supporting India’s clean energy transition by providing accessible and innovative financial solutions. Expressing gratitude, he acknowledged the support of the Union Minister, the Union Minister of State for New and Renewable Energy, the Secretary of MNRE, the Board of Directors, regulatory authorities, and various government departments. He also appreciated the dedication of IREDA’s team, whose efforts have contributed to the organization’s growth.

The latest financial performance underscores IREDA’s role in accelerating renewable energy development in India, ensuring continued support for green energy initiatives.