IREDA reports robust financial growth in FY 2024-25 with 27% increase in loan sanctions

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has reported significant financial growth for the fiscal year 2024-25, achieving notable increases in loan sanctions, disbursements, and its overall loan book, as per provisional data.

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As per the company, loan sanctions for the year reached Rs 47,453 crore, marking a 27 percent increase from Rs 37,354 crore in the previous fiscal year. Loan disbursements also recorded a 20 percent rise, totaling Rs 30,168 crore compared to Rs 25,089 crore in FY 2023-24. Additionally, IREDA’s outstanding loan book expanded by 28 percent, reaching Rs 76,250 crore as of March 31, 2025, up from Rs 59,698 crore the previous year.

Commenting on the performance, IREDA's Chairman & Managing Director (CMD) Pradip Kumar Das stated, “Announcing IREDA’s annual performance on the last day of the financial year underscores our strong commitment to corporate governance and transparency. The consistent growth in loan sanctions, disbursements, and loan book reflects our dedication to financing renewable energy projects. We remain committed to supporting India’s clean energy transition through innovative and accessible financing solutions.”

Expressing gratitude, Das added, “I sincerely thank the Union Minister; Union Minister of State, Ministry of New & Renewable Energy; Secretary, MNRE; our Board of Directors; regulators; and officials of MNRE and other ministries for their unwavering support. I also appreciate the dedication and relentless efforts of Team IREDA, whose commitment drives our success.”

The reported figures are provisional and subject to audit. IREDA’s continued financial growth aligns with India’s ambitious renewable energy goals, reinforcing its position as a key player in the clean energy financing sector.

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