IREDA posts 36% YoY growth in loan sanctions at Rs 32,586 cr: CMD PK Das

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State-owned IREDA reported a 36 per cent year-on-year growth in loan sanction at Rs.32,586.60 crore in FY23, CMD Pradip Kumar Das said.

The company also recorded a 34.65 per cent year-on-year increase in loan disbursement at Rs. 21,639.21 crore during FY23, Das said in his letter to the company’s shareholders.

Speaking at the company’s 36th Annual General Meeting (AGM), he reported that “Loan sanction was Rs.32,586.60 crore, up 36.23 per cent over FY22, (and) loan disbursement was Rs.21,639.21 crore, up 34.65 per cent. Compared to fiscal year. 22″.

The company’s loan book was Rs.47,076 crore, up from 38.75 per cent in FY22.

It also recorded a profit before tax (PBT) of Rs.1,139.25 crore and profit after tax (PAT) of Rs.864.63 crore, respectively, in the latest fiscal.

CMD said her net worth increased by 12.66 per cent to Rs. 5,935.17 crore in FY23.

“IREDA is actively involved in partnerships with green energy developers to learn about their evolving requirements for financial products. The company aims to raise awareness of new products and has already launched financing solutions for emerging areas, such as e-mobility, green hydrogen and green transportation,” said Das.

The Indian Renewable Energy Development Agency Limited (IREDA), under the Ministry of New and Renewable Energy (MNRE), is a non-banking financial institution engaged in the promotion, development and expansion of financial assistance for the establishment of projects related to new and renewable energy sources. Energy efficiency / conservation.

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