Team Blitz India
NEW DELHI:Indian Renewable Energy Development Agency Ltd. (IREDA) achieved an all-time high annual Profit After Tax (PAT) of Rs. 1252.23 crore. This was informed by the company in an exchange filing on April 20.
The loan disbursement amount of IREDA also increased to all time high. The Loan Book (lending) of IREDA increased from Rs. 47,052.52 crores as on 31st March 2023 to Rs. 59,698.11 crores as on 31st March 2024, a growth of 26.81%.
The company has also achieved all-time high annual loan sanctions of Rs. 37,353.68 crore and disbursements of Rs.
25,089.04 crore in FY 2023-24, an increase of 14.63% and 15.94% respectively, over the previous financial year.
“IREDA’s steadfast commitment to accelerating the adoption of renewable energy solutions in India, indicating a promising trajectory for investors and stakeholders” said Pradip Kumar Das, Chairman & Managing Director of IREDA.
